BUZZ-Australia's Bapcor set for worst week since July on weak outlook, brokerage downgrades
Reuters
Dec 12, 2025
BUZZ-Australia's Bapcor set for worst week since July on weak outlook, brokerage downgrades
** Shares of Australia's Bapcor BAP.AX set for worst week since July 21, down 21.4%
** Stock falls 0.7% to A$1.7675, extending three-session losing run
** On December 9, Australian automotive parts retailer lowered its FY26 statutory NPAT guidance to A$31 million ($20.7 mln)-A$36 mln vs earlier projection of A$40 mln-A$50 mln
** Brokerages downgrade due to underperformance of co's core trade business; Jefferies cuts PT to A$3.4 from A$2.5, Morningstar trims fair value estimate by 6% to A$4.7
** BAP down 62.6% YTD
($1 = A$1.4999)
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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