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Thursday, 20 June 2024HLI - HELIA GROUP LIMITED
Macquarie rates HLI as Upgrade to Outperform from Neutral (1) - Macquarie believes Helia Group is likely to become the exclusive lenders mortgage insurance provider for Commonwealth Bank ((CBA)) including Bankwest, which is currently insured with QBE.
As a result, gross written premium could rise by around 9% the broker highlights.
With the stock having fallen the rating is upgraded to Outperform from Neutral with an unchanged target price of $3.90.
The lower share price should also assist with a quickening in the $100m buyback, the broker notes.
Target price is $3.90 Current Price is $3.34 Difference: $0.56 If HLI meets the Macquarie target it will return approximately 17% (excluding dividends, fees and charges). The company's fiscal year ends in December.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 30.00 cents and EPS of 48.90 cents . At the last closing share price the estimated dividend yield is 8.98%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.83.
Forecast for FY25:
Macquarie forecasts a full year FY25 dividend of 20.00 cents and EPS of 41.90 cents . At the last closing share price the estimated dividend yield is 5.99%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.97.
Market Sentiment: 0.5All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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Last
$3.94 |
Change
0.040(1.03%) |
Mkt cap ! $1.134B |
Open | High | Low | Value | Volume |
$3.88 | $3.96 | $3.88 | $1.891M | 482.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 15271 | $3.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.94 | 9590 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
41 | 12942 | 3.920 |
26 | 22010 | 3.910 |
18 | 33315 | 3.900 |
11 | 14019 | 3.890 |
12 | 18540 | 3.880 |
Price($) | Vol. | No. |
---|---|---|
3.930 | 5760 | 23 |
3.940 | 16447 | 27 |
3.950 | 14573 | 15 |
3.960 | 30558 | 12 |
3.970 | 9300 | 9 |
Last trade - 15.04pm 22/08/2024 (20 minute delay) ? |
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