Australia stocks lower at close of trade; S&P/ASX 200 down 0.32% By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Market Performance: Australian stocks closed lower on Monday, with the S&P/ASX 200 index falling 0.32%, primarily due to losses in the A-REITs, Utilities, and Financials sectors.
Top and Bottom Performers: St Barbara Ltd and Appen Ltd were among the best performers, rising over 5%, while Cromwell Property Group and Growthpoint Properties Australia saw significant declines of around 5%.
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.
