A takeover by Tabcorp is expected to have its own upside for TAB shareholders though, who are being offered shares and cash. Deutsche Bank said the Tabcorp shares could hit $14 over the next 12 months if its offer for TAB is successful.
Credit Suisse First Boston was also upbeat with a price target of $13.90 on Tabcorp which, it says, reflects the double digit earnings growth expected from Tabcorp both this, and next year.
Tabcorp shares closed unchanged at $12.88 yesterday, while TAB shares gained 3c to close at $4.57
broker predictions
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Last
69.0¢ |
Change
0.005(0.73%) |
Mkt cap ! $1.575B | |||
| Open | High | Low | Value | Volume |
| 68.5¢ | 69.0¢ | 68.0¢ | $21.18M | 24.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 69030 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.5¢ | 536835 | 12 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| TAH (ASX) Chart |