Deutsche upgrades Macca's:
Deutsche Bank 22/07/2013 1 Buy $56.20 21.3%
The broker thinks if currency movements and tax are taken into account, then the company looks to be on track to hit FY14 cash earnings targets even before adding in any organic growth. Given conditions at the start of the year were fairly supportive, the broker does expect to see some organic growth in FY14.
Thus, current risks to FY14 consensus earnings lie to the upside, which should encourage further share price outperformance. Buy call maintained.
Target price is $56.20 Current Price is $45.50 Difference: $10.7
If MQG meets the Deutsche Bank target it will return approximately 24% (excluding dividends, fees and charges).
bull or bear, page-30
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Last
$228.10 |
Change
-0.300(0.13%) |
Mkt cap ! $86.94B | |||
| Open | High | Low | Value | Volume |
| $228.00 | $229.90 | $227.66 | $76.98M | 336.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1636 | $228.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $228.29 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| MQG (ASX) Chart |