ASX:PXAReal Estate
PEXA Group (ASX:PXA) Valuation After Broker Downgrade And New South Wales Fee Cap Proposal
PEXA Group (ASX:PXA) dropped sharply after UBS cut its rating to neutral, following a New South Wales proposal to cap service fees on PEXA's property settlement platform. This development raised questions about future profitability.
See our latest analysis for PEXA Group.
At A$12.09, PEXA’s 1 day share price return of 6.78% and 7 day return of 21.85% reflect a sharp reset in expectations after the downgrade, even though the 1 year total shareholder return of 7.18% suggests longer term holders...