Coles Myer (CML) Stock Recommendation

Stock analyst, Macquarie Research Equities have retained their Underperform recommendation for the Coles Myer (CML). The analyst has " difficultly seeing how the private equity firms can bid in excess of $14.75 per share and therefore gain access to the books". Recently, the Coles Myer (CML) board has formally rejected what it described as a highly conditional bid for an “indicative” price of $14.50 share. MRE has commented that if they were to include $275 million from FY08 forecasts, the stock analysts' valuation would be $13.09 per share.

Coles Myer Limited is listed on the Australian Stock Exchange (ASX) under stock code CML. You can view their investor website here. CML was listed on the ASX on 24 September, 1929. Coles Myer is involve din retailing. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Check your charts and good luck with your share trading!