Tiger Brokers

BUZZ-Jefferies downbeat on Australia's IDP Education as student visas decline

Reuters
Oct 02, 2024

** Analysts at Jefferies are downbeat on Australia's IDP Education , as student visas lodged continue to decline

** Brokerage cites Australia student visa data for August and notes visas lodged fell by 23% during the month, year-on-year

** "IELTS has been disrupted and will continue to be under pressure" - Jefferies

** Brokerage sees no indications that industry conditions are improving

** Retains "underperform" rating and PT of A$13/shr

** Seven of 12 analysts rate stock "buy" or higher, four "hold" and one "sell" or lower; their median PT is A$18.90 – LSEG data

** Stock is down over 20% YTD as of last close

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10