Business
IDP Education (ASX:IEL) share price sinks 5%: Time to buy?
The IDP Education Ltd (ASX: IEL) share price has started the week deep in the red.
In afternoon trade, the student placement and language testing company’s shares are down 5% to $21.58.
Why is the IDP Education share price sinking today?
Investors appear to have been selling IDP Education’s shares due to concerns over the impact the COVID-19 crisis in India could have on its performance.
The Indian market is the biggest contributor to the company’s earnings. So with COVID-19 numbers sadly rising rapidly in the country, there is significant downside risk to earnings estimates.
Is this a buying opportunity?
One leading broker that believes the weakness in the IDP Education share price is a buying opportunity is Goldman…
-
Noosa News9 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General15 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News16 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News16 hours agoDetectives continue to search for answers on Crystal Beale’s death