Macquarie are usually ok with their approach. One of the better ones. Doesn’t mean that it will play out in line with their analysis. I’ve said a few times here that brokers are often wrong.
However, they are laying out a 12 month target. My view is much shorter term. If and when it breaks $2 the play will be to pick the buy price. Providing that a buyer will still like the stock.
Alhambra.
Ann: 1H FY23 Results Presentation, page-57
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Last
$2.56 |
Change
-0.110(4.12%) |
Mkt cap ! $1.766B | |||
| Open | High | Low | Value | Volume |
| $2.62 | $2.62 | $2.53 | $5.006M | 1.949M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 37844 | $2.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.59 | 2610 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| PNV (ASX) Chart |