Moelis & Co released a research report with a conservative $1.350 target price.
Quote from the report.
"We have initiated coverage of McPherson’s Ltd (MCP) with a BUY rating and 12 month target price of $1.35. Trading at a FY17 PE of 8x (~50% discount to the XSI) with an 8% fully franked dividend yield, we view MCP as a value trade."
Over time the price will catch up...Microequities adding is also a positive. They hold a decent chunk of MCP so its good to see them buying.
Ann: Change of Interests of Substantial Holder-MCP.AX, page-4
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Last
41.0¢ |
Change
-0.010(2.38%) |
Mkt cap ! $59.01M | |||
| Open | High | Low | Value | Volume |
| 42.3¢ | 42.5¢ | 41.0¢ | $5.835K | 13.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 843 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 10000 | 1 |
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| Last trade - 15.43pm 04/10/2024 (20 minute delay) ? |
| MCP (ASX) Chart |