Morgans upgrades LGD to Add from Hold
Monday, May 11, 2015 - 18:09
The company has acquired the assets of Systems Control Engineering, which supplies industrial heating, refrigeration and air conditional components.Morgans considers the price of $10.2m fair as it complements the company's existing operations. To reflect the acquisition the broker increases FY16 and FY17 forecasts by 2.1% and 3.9% respectively.Rating is upgraded to Add from Hold. Target is steady at 30c.Target price is $0.30 Current Price is $0.23 Difference: $0.07
If LGD meets the Morgans target it will return approximately 30% (excluding dividends, fees and charges).The company's fiscal year ends in June. Morgans forecasts a full year FY15 dividend of 1.80 cents and EPS of 3.50 cents. At the last closing share price the estimated dividend yield is 7.83%.At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.57.FN Arena
Market sentiment: 1.0
Companies: LEGEND CORPORATION LIMITED
- Forums
- ASX - By Stock
- LGD
- Ann: Legend Acquires System Control Engineering Group
Ann: Legend Acquires System Control Engineering Group, page-2
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LGD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online