Shaw and Partners have initiated coverage on MCP with a $1.85 price target medium term !
They state: "The stock trades at 13x FY18 P/E, which is hardly a stretch with small cap industrials trading at around 18x and global health and beauty peers at more than 20x FY18 P/E."
Still good value and hopefully will drive new investors to invest in MCP.
Broker Initiation
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Last
41.0¢ |
Change
0.010(2.50%) |
Mkt cap ! $59.01M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 44.0¢ | 38.5¢ | $612.1K | 1.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5594 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 6559 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MCP (ASX) Chart |