Deutsche Bank rates FMG.AX , 6.580, -0.040, -0.600%) as Sell (5) - Target $4.90 (was $4.70). Following a site visit the broker sees the group's proposed expansion as relatively simple from an infrastructure perspective. Using spot iron ore and Aussie dollar rates would see increases to the broker's earnings forecasts and lift its valuation. Even allowing for this the broker suggests value in the stock is limited at current levels and so it retains its Sell rating. More
deutsche bank rates $4.90 today
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |