UBS analyst Tim Plumbe maintained a Buy rating on Megaport Ltd. (MGPPF – Research Report) today and set a price target of A$15.85. The company’s shares closed last Tuesday at $10.20.
According to TipRanks, Plumbe is a 4-star analyst with an average return of 5.2% and a 48.70% success rate. Plumbe covers the Technology sector, focusing on stocks such as Nextdc Limited, Megaport Ltd., and Audinate Group Ltd..
In addition to UBS, Megaport Ltd. also received a Buy from Macquarie’s Darren Leung in a report issued on April 30. However, on the same day, Morgan Stanley maintained a Hold rating on Megaport Ltd. (Other OTC: MGPPF).
MGPPF market cap is currently $1.39B and has a P/E ratio of 555.38.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Megaport Ltd. (MGPPF) Company Description:
Megaport Ltd. engages in the provision of software-defined networking based elastic interconnection services. Its products include Virtual Cross Connect, and MegaIX. It operates through the following geographical segments: Asia-Pacific, North America, Europe and Other. The company was founded by Bevan Andrew Slaterry in 2013 and is headquartered in Brisbane, Australia.
