Perpetual Trustees Australia

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.

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