Perpetual Trustees Australia (PPT) Shares Recommendation

JP Morgan has given a Neutral recommendation for the Perpetual Trustees Australia (PPT). The latest update on Funds under Management has reinforced the analysts' confidence that Perpetual will meet their forecasts this year. But there is some negative news involved in this as well, as the analysts note their estimates are currently at the bottom of the market. JP Morgan continues to highlight the risk to market consensus earnings forecasts given the view of its analysts the market is underestimating the likely reduction in the company's average revenue margin. This reduction is caused by the change in PPT's mix of FUM away from higher margin Australian equities products to lower margin cash products, JP Morgan explains.

Perpetual Trustees Australia Limited is listed on the Australian Stock Exchange (ASX) under stock code PPT. You can view their investor website here. The company’s principal activities are: Trustees, executors, investment managers, funds management, investment administration, custody and registry services. MRE had upgraded their recommendation for PPT in April. Check your charts!