Employees of PT Saka Energi Indonesia (PGN Saka) as a subsidiary of PT PGN Tbk, Subholding Gas Pertamina, chat in the Onshore Processing Facility (OPF) area of Saka Indonesia Pangkah Limited (SIPL), Gresik, East Java/ Business-David E. Issetiabudi
Bisnis.comJAKARTA — Analysts and securities circles are busy updating their views on the shares of the Group’s oil and gas issuers Pertamina PT National gas Company Tbk. (PGAS) aka PGN. US investment banking JP Morgan reveals the latest warnings, while at the same time making them thicker rating underweight on PGAS shares.
From a total of 21 analysts in consensus Bloomberg who cover PGAS, five of them have updated their views on the company’s shares since the beginning of this month. Of the five analysts, two of them recommend sell or underweight, two recommend hold, and the remaining one buy.
JP Morgan analysts, headed by Arnanto January, have given PGAS shares an underweight rating since March 2023. Since then, the analyst group has also tweaked the share price target twice, namely increasing from IDR 1,050 to IDR 1,150 in July 2023, and then decreasing to IDR 950 in November 2023.
2024-01-18 12:30:00
#Morgans #Latest #Warning #PGAS #early
