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Praemium Maintains Buy Ratings and Reports Higher Quarterly Profit

Praemium Limited logoPraemium Limited
Sig1.25Sen+3.23Env0.00Soc0.00Gov0.00

Canaccord Genuity analyst Warren Jeffries reiterated a Buy rating on Praemium Ltd, setting a A$1.12 price target. Ord Minnett also maintained a Buy with a A$1.05 target. For the quarter ending December 31, Praemium reported quarterly revenue of A$55.97 million and net profit of A$9.86 million, up from A$51.38 million revenue and A$5.81 million profit last year.

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