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CBA $74.52

screaming buy

  1. romokr

    70 Posts.

    "All the banks have generally been looking oversold but Commonwealth Bank just came into a screaming 'buy' zone for me - it looks very oversold," Mr Biggins said in today's The Age.
    "At the moment there is a switch out of banks into cyclicals. But I think that will reverse itself at some point - I think that the banks will at least play catch-ups and the rest of the market will stay steady."

    - CBA has fallen by over 11% over the last month, from a high of $34.94 (12th June 2002)
    - CBA is due to report it’s final result in August
    - forecasting an 84c fully-franked final dividend for CBA

    Given the current weakness in CBA and the attractive dividend coming up, ABN AMRO believes there is an outstanding opportunity to get set for the CBA dividend

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