Broker reports out overnight.
UBS and Morgans have massively reduced their 'target price' to around $17.
Remember broker target prices are based on a price only one year out, they are not long term valuations.
Morningstar is different they try to determine 'long term value'.
Morningstar cut their fair value by 25% to $38.
MFG Fair Value, page-2
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Last
$8.36 |
Change
-0.070(0.83%) |
Mkt cap ! $1.511B | |||
| Open | High | Low | Value | Volume |
| $8.44 | $8.44 | $8.24 | $12.59M | 1.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8816 | $8.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.36 | 1686 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MFG (ASX) Chart |