NRW Holdings gets a new bull in Citi, which thinks a 20% decline in the engineering contractor's stock price since its 1H result is overdone given a robust order book. In a note, analyst William Park says NRW's order book should cover the next 18 months of revenue. "Risk of project award delays persists but anecdotal evidence and customers awarding smaller work packages to secure capacity suggest major contract award momentum could commence and accelerate in the near term," Citi says. The bank upgrades NRW to buy from neutral, and lifts its price target by 3.6% to A$2.90/share. Citi also raises its FY 2024-2025 Ebita forecasts by 3%. NRW ended last week at A$2.19. ([email protected]; @dwinningWSJ)
NRW Holdings gets a new bull in Citi, which thinks a 20% decline...
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Last
$3.35 |
Change
0.040(1.21%) |
Mkt cap ! $1.524B | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.37 | $3.29 | $3.216M | 962.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5639 | $3.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 6713 | 2 |
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| NWH (ASX) Chart |