|Day's Range||23.09 - 23.69|
|52 Week Range||21.87 - 31.21|
|PE Ratio (TTM)||14.39|
|Earnings Date||Aug 14, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||29.42|
Australia's Wesfarmers Ltd cancelled a potential $1.1 billion IPO of its office supplies unit, underscoring uncertainty in a retail sector hit by weak spending and the slated arrival of online shopping giant Amazon.com Inc. The scrapping of Officeworks' listing disrupts a plan by Wesfarmers, Australia's biggest company by sales, to carve off non-core assets and focus on its biggest revenue spinner, supermarket chain Coles, itself facing fresh competition from cut-price entrants like ALDI Inc.
Citi has taken an axe to its targets for retailers JB Hi-Fi and Harvey Norman on concerns about the arrival of Amazon in Australia. The broker cut its rating on JB Hi-Fi (JBH.AU) to sell from neutral and slashed its 12-month price target to AUD18.50 a share from AUD28.50 a share. Citi maintained its sell rating on Harvey Norman (HVN.AU) but cut its 12-month price target to AUD3.20 a share from AUD4.80 a share.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to JB Hi-Fi Ltd. Here are 5 ETFs with the largest exposure to JBH-AU. Comparing the performance and risk of JB Hi-Fi Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)