Smartgroup Corporation Ltd (STGXF) was downgraded to a Hold Rating at Bell Potter

Smartgroup Corporation Ltd (STGXF – Research Report) received a Hold rating and an A$8.50 price target from Bell Potter analyst Hayden Nicholson today.
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According to TipRanks, Nicholson is a 3-star analyst with an average return of 8.6% and a 44.44% success rate.
Smartgroup Corporation Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $6.08.
Based on Smartgroup Corporation Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $157.35 million and a net profit of $41.34 million. In comparison, last year the company earned a revenue of $134.99 million and had a net profit of $32.98 million
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STGXF in relation to earlier this year.

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