Yes goldmans may have reduced their reco from buy to hold but to put things in perspective there are another 9 brokers that i know of that have a BUY reco right now (Credit Suisse, Deutsche Bank, ABN Amro,Aspect Huntley, JP Morgan, Macquarie, Merrill Lynch, Smith Barney Citigroup, UBS).
The average target price of these 9 brokers is around $83.
MQG will be reporting a 20%+ increase in FY profits late this month.
i reckon this stock will be climbing towards $70 over the next few months.
why is the stock price dropping, page-5
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Last
$204.69 |
Change
0.880(0.43%) |
Mkt cap ! $78.38B | |||
| Open | High | Low | Value | Volume |
| $205.91 | $207.57 | $204.01 | $167.1M | 819.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $204.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $204.69 | 8739 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MQG (ASX) Chart |