US EditionHow High Does RBC Capital Think JB Hi-Fi Shares Can Go?
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How high does RBC Capital think JB Hi-Fi shares can go?
Shares in consumer goods retailer JB Hi-Fi Ltd (ASX: JBH) have come down from levels well above $100 recently, which the team at RBC Capital Markets says creates a buying opportunity. The shares closed at $113.52 the day before the company's annual general meeting on October 30, when the company also released a trading update which said sales for the first quarter were "in line with the group's expectations". The market did not appear to like th…
JB Hi-Fi Gets Sector Perform Rating
RBC Capital Markets has initiated coverage on JB Hi-Fi, assigning the electronics retailer a Sector Perform rating with a price target of $101 per share. JB Hi-Fi is a leading Australian retailer of consumer electronics and home appliances, operating both physical stores and an online platform. The company aims to provide a wide range of products at competitive prices. According to RBC analyst Michael Toner, JB Hi-Fi is a “high-quality omnichann…
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