Macquarie Keeps Their Buy Rating on APA Group (APAJF)

Macquarie analyst maintained a Buy rating on APA Group (APAJF – Research Report) today and set a price target of A$8.14. The company’s shares closed last Tuesday at $5.51.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for APA Group with a $5.45 average price target, implying a -1.02% downside from current levels. In a report released on May 19, Jarden also maintained a Buy rating on the stock with a A$8.85 price target.

APAJF market cap is currently $6.86B and has a P/E ratio of -223.31.

Based on the recent corporate insider activity of 12 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 APAJF in relation to earlier this year.