Great price target JP Morgan!
... 2 more brokers have issued price targets substantially higher than current trading price:
Macquarie retained an outperform rating on the Fortescue share price and retains its $19.50 price target. It notes that first quarter production was ahead of expectations in all areas and that strong earnings growth should continue on higher iron ore prices.
Citi retained its buy rating with a $18.50 price target. It remains confident in management’s ability to extract maximum value out of the current high iron ore price. It also noted its high dividend yield as impressive.
Iron ore price, page-24825
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Last
$22.48 |
Change
0.380(1.72%) |
Mkt cap ! $69.21B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $89.05M | 3.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20914 | $22.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.50 | 6164 | 2 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |