So, when share price is 22c, Macq Bank raises its price target to 27c.
Out on a limb? Not really.
Interestingly, they raise the price target just after COE's market update on progress of BMG decommissioning, and after Orbost improvement.
So I guess that is confirmation that the mkt and Instos are awaiting the successful conclusion to those two issues before they start a fresh round of investment?
It's taken Macq just 6 mths to go from a downgraded price target of just 12c to a new price target of 27c.
One wonders what basis they utilise to come to their price targets??
Column 1 Column 2 Column 3 Column 4 1
Column 1 Column 2 Column 3 Column 4 1
Column 1 Column 2 Column 3 Column 4 1
Ann: Market Update, page-6
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.8¢ |
Change
-0.008(3.19%) |
Mkt cap ! $600.6M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.5¢ | $22.81K | 99.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1041011 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 181388 | 23 |
View Market Depth
| Last trade - 10.59am 30/05/2024 (20 minute delay) ? |
|
|||||
|
Last
22.0¢ |
Change
-0.008 ( 5.38 %) |
||||
| Open | High | Low | Volume | ||
| 22.8¢ | 22.8¢ | 22.0¢ | 578081 | ||
| Last updated 11.22am 30/05/2024 ? | |||||
| COE (ASX) Chart |