Australia stocks higher at close of trade; S&P/ASX 200 up 0.24% By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Stock Market Performance: Australian stocks closed higher on Tuesday, with the S&P/ASX 200 gaining 0.24%, driven by strong performances in the A-REITs, Healthcare, and Energy sectors. EML Payments Ltd saw the largest increase at 12.86%, while St Barbara Ltd experienced the biggest decline at 34.43%.
Commodity Prices and Currency Exchange: Gold futures rose slightly by 0.17% to $2,632.55 per troy ounce, while crude oil prices also increased. The AUD/USD exchange rate remained stable, and the US Dollar Index Futures saw a minor rise of 0.09%.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.375
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Current: 27.375
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
