JB Hi-Fi (JBH) Stock Recommendation

SB Citigroup have downgraded the JB Hi-Fi (JBH) stock to Hold from Buy, High risk and values the company at $4.51 per share. The broker has commented that it is taking a cautious outlook on consumer spending in the period leading towards Christmas, especially with interest rates moving higher. The analyst also notes that any cautiousness on the management's outlook statements may trigger a sell-off.

JB Hi-Fi Limited is listed on the Australian Stock Exchange (ASX) under stock code JBH. You can view their investor website here. The Company is a specialty retailer of home entertainment products, focusing on consumer electronics, car sound systems, and music and DVDs. Find out the meaning of the recommendations in this primer. Check your charts!