Hi,
Attached link to broker report Balnave securities (an interesting read):
Recommendation: BUY? price target $2.70.
We rate MTU an attractive investment proposition trading on strong fundamentals that include a FY11 PER of 9.2x, normalised EPS growth of 29.5% and a dividend yield of 6.5%, fully franked. Our target price of $2.70 per share represents 35% upside to the current price.
http://m2.com.au/__data/assets/pdf_file/0019/6157/10-MTU-FY10-_MTU-website_.pdf
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