Jefferies suggests Ampol shares may pause after strong run
TradingView Market Talk cites Jefferies saying after sharp outperformance, Ampol is on 16.5x mid-cycle P/E and may be the right time to take a breather following roughly a 1/3 two-month rise.
Ampol has plenty of tailwinds right now and management is doing well to capitalize on supportive conditions.
But the stock is up roughly 1/3 in two months, and Jefferies believes now is the right time to take a breather. "After sharp outperformance, stock is on 16.5x mid-cycle price-to-earnings, ma…