Morgans rates JIN as Add
February 25, 2024 at 08:31 pm EST Share
Morgans assesses a "solid" 1H result for Jumbo Interactive, highlighting strong cash generation and top line growth from a fast growing active customers base.Total transaction value (TTV) increased by 16%, aidedby a particularly strong jackpotting sequence in December, explains the analyst. The interim dividend grew by 17% to 27cps.
The target for Jumbo Interactive rises to $18.70 from $16.00 as the broker increases its large jackpot assumptions to 48 from 44 in FY24, while EPS estimates rise due to improved operating efficiency. Add.
Sector: Consumer Services.
Target price is $18.70.
Current Price is $17.81.
Difference: $0.89 - (brackets indicate current price is over target). If JIN meets the Morgans target it will return approximately 5% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Morgans rates JIN as AddFebruary 25, 2024 at 08:31 pm EST...
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Last
$17.65 |
Change
0.580(3.40%) |
Mkt cap ! $1.111B | |||
| Open | High | Low | Value | Volume |
| $17.21 | $17.80 | $17.15 | $5.439M | 311.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6713 | $17.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.69 | 751 | 1 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| JIN (ASX) Chart |