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Mid-Cap

Two stocks that fell - Iron Mountain Incorporated and CYBG PLC

August 07, 2016 | Team Kalkine
Two stocks that fell - Iron Mountain Incorporated and CYBG PLC

Iron Mountain Incorporated


INM Details
  • Performance lower than estimates: The shares of Iron Mountain Incorporated (ASX: INM) plunged over 5.8% on August 05, 2016 as the group reported lower than estimated financial performance. The group reported an operating income of over $97 million in the second quarter of 2016, as compared to $130 million in 2015. Accordingly, the year to date operating income for six months ending June 2016 fell to $227 million during the period as compared to $274 million in the same period of last year. Moreover, INM stock has started falling in the last four weeks post the 17.81% rise since listing (as of August 04, 2016).
  • Recommendation:We give an “Expensive” recommendation on the stock at the current price of $50.30
 
CYBG PLC


CYB Details
  • Market Headwinds:CYBG PLC (ASX: CYB) stock fell over 2.7% on August 05, 2016 on either low sentiments of investors at the back of Bank of England’s interest rate cut announcement or weakness in pound. CYB otherwise reported better than estimated third quarter results that led to a stock rally of over 11.9% in the last four weeks (as of August 04, 2016). CYB seems to be prone to ongoing market headwinds.
  • Recommendation:We maintain our “Expensive” recommendation on the stock at the current price of $4.40
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The information given by Kalkine Pty Ltd ABN34 154 808 312 (Australian Financial Services License Number 425376) on this website is general information or advice only.

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