Morgans Keeps Their Buy Rating on New Hope Corporation Limited (NHPEF)

In a report released today, Tom Sartor from Morgans maintained a Buy rating on New Hope Corporation Limited (NHPEF – Research Report), with a price target of A$4.45. The company's shares closed yesterday at $2.34.
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According to TipRanks, Sartor is a 4-star analyst with an average return of 17.0% and a 43.21% success rate.
The word on The Street in general, suggests a Hold analyst consensus rating for New Hope Corporation Limited with a $2.59 average price target.
Based on New Hope Corporation Limited's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.02 billion and a net profit of $340.31 million. In comparison, last year the company earned a revenue of $856.57 million and had a net profit of $251.67 million

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