Saying it will hit $40's when most of the dirt of the credit crisis is out and the stock is already sitting on a PE of 8 is a big call!
Debt for future growth is one thing, yet will that make current earnings drop significantly? Company is still going into growth markets such as India in a big way which are crying out for energy and infrastructure and I see earnings growth continuing, even if in a slowed manner. Lets not forget that they are a bank here and know there way around funding deals and are at the same time a very well managed company.
This is one of the more attractive stocks that I see out there at present.
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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 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |