The $40 target by Macquarie was set on fundamentals in December (prior to the Vale dam disaster) therefore has not taken into account the significant rise in iron ore prices. I think there is more upside in the shareprice yet given the supply side looks to be constrained for the foreseeable future.
$40 target from Macquarie (motley fool 18/12), page-41
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Last
$42.06 |
Change
-0.930(2.16%) |
Mkt cap ! $213.4B | |||
| Open | High | Low | Value | Volume |
| $42.33 | $42.50 | $41.94 | $609.8M | 14.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5770 | $42.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.11 | 2807 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |