Morgan Stanley rates APE as Overweight (1) -
Eagers Automotive will divest the Daimler truck business and property for $108m. The company will continue to have a truck presence post the divestment with 25 Webster, Isuzu, Hino and Iveco dealerships.
Morgan Stanley continues to envisage no shortage of structural growth opportunities for the company and expects proceeds will be reinvested.
Overweight rating. Target is $17. Industry view: In-Line.
Target price is $17.00 Current Price is $14.22 Difference: $2.78
If APE meets the Morgan Stanley target it will return approximately 20% (excluding dividends, fees and charges)
Ann: APE Sale of Daimler Truck Operations and Property, page-6
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Last
$10.13 |
Change
0.020(0.20%) |
Mkt cap ! $2.614B | |||
| Open | High | Low | Value | Volume |
| $10.15 | $10.26 | $10.09 | $5.905M | 580.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4770 | $10.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.20 | 1378 | 2 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| APE (ASX) Chart |