RBS Australia 29/01/2010 1 Upgrade to Buy from Hold $60.00 17.5%
Target $60.00 (was $50.00). The broker has lifted its earnings forecasts for the group to reflect lower bad debt assumptions and expectations of higher IPO and M&A revenues.
THe changes mean an increase in price target and this supports the broker's upgrade to a Buy rating.
BA-Merrill Lynch 29/01/2010 1 Upgrade to Buy from Neutral $70.00 37.0%
The broker notes that after a Following a significant reshaping of the business, the stock still trades as if a return to high-teen return on equity is unlikely.
However, Merills is of the opinion that a combination of market conditions, payoffs from recent investments and improving revenue productivity from staff will carry the group back toward the high-teens.
In fact, the broker notes that Macquarie posted three straight years of outperformance after bottoming in the last down-cycle.
FY10-11 EPS is lifted by 8% and 12%, which equates to around 30% per year EPS growth from 2010-12. The improved view sees the broker upgrade its recommendation to Buy from Neutral, with the target price lifting to $70.00 (from $60.60).
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Last
$208.73 |
Change
0.880(0.42%) |
Mkt cap ! $79.66B |
Open | High | Low | Value | Volume |
$208.00 | $209.90 | $207.70 | $76.15M | 365.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8 | $208.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$208.80 | 150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8 | 208.700 |
1 | 108 | 208.210 |
1 | 250 | 208.050 |
1 | 2553 | 208.020 |
2 | 52 | 208.000 |
Price($) | Vol. | No. |
---|---|---|
208.800 | 150 | 1 |
208.970 | 20 | 1 |
209.000 | 178 | 3 |
209.030 | 1334 | 1 |
209.040 | 1379 | 3 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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