Citi Remains a Buy on Lendlease Group (LLESF)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 01 2024
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Source: Business Insider
Analyst Rating and Price Target: Citi analyst Suraj Nebhani has maintained a Buy rating on Lendlease Group with a price target of A$7.10, despite the company's shares closing at $3.95. The overall analyst consensus is a Hold with an average price target of $4.35.
Company Overview and Insider Activity: Lendlease Group operates in property and infrastructure development across four segments and reported a quarterly net profit of $0. Recent insider activity shows positive sentiment, with an increase in insiders buying shares compared to earlier this year.
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.
