The answer is a relative one to "what price target ANZ?"
If the RBA cuts on tue or next month, all the banks will get a sp push along as term deposit yield shrinks. You could see a 10% rise for all the banks.
Quality, safe yield is a rarity in the globe currently, hence the rise and rise of the banks, Telstra, defensive staples (WOW and WES) and CSL (defensive revenue stream).
p/e is not the measure that investors are looking at - it is yield.
HT1
what is price target or anz, page-12
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$29.60 |
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| Open | High | Low | Value | Volume |
| $29.49 | $29.73 | $29.30 | $111.6M | 3.774M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1146 | $29.60 |
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| Price($) | Vol. | No. |
|---|---|---|
| $29.61 | 30857 | 4 |
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