Shaw and Partners have initiated coverage on MCP with a $1.85 price target medium term !
They state: "The stock trades at 13x FY18 P/E, which is hardly a stretch with small cap industrials trading at around 18x and global health and beauty peers at more than 20x FY18 P/E."
Still good value and hopefully will drive new investors to invest in MCP.
Broker Initiation
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Last
42.0¢ |
Change
0.020(5.00%) |
Mkt cap ! $60.45M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 42.0¢ | 40.5¢ | $69.66K | 169.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18293 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 6025 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MCP (ASX) Chart |