RBS Australia 29/01/2010 1 Upgrade to Buy from Hold $60.00 17.5%
Target $60.00 (was $50.00). The broker has lifted its earnings forecasts for the group to reflect lower bad debt assumptions and expectations of higher IPO and M&A revenues.
THe changes mean an increase in price target and this supports the broker's upgrade to a Buy rating.
BA-Merrill Lynch 29/01/2010 1 Upgrade to Buy from Neutral $70.00 37.0%
The broker notes that after a Following a significant reshaping of the business, the stock still trades as if a return to high-teen return on equity is unlikely.
However, Merills is of the opinion that a combination of market conditions, payoffs from recent investments and improving revenue productivity from staff will carry the group back toward the high-teens.
In fact, the broker notes that Macquarie posted three straight years of outperformance after bottoming in the last down-cycle.
FY10-11 EPS is lifted by 8% and 12%, which equates to around 30% per year EPS growth from 2010-12. The improved view sees the broker upgrade its recommendation to Buy from Neutral, with the target price lifting to $70.00 (from $60.60).
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Last
$205.00 |
Change
1.390(0.68%) |
Mkt cap ! $78.50B |
Open | High | Low | Value | Volume |
$204.99 | $205.49 | $203.90 | $68.62M | 334.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 840 | $204.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$205.05 | 1030 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 168 | 204.910 |
1 | 1370 | 204.830 |
1 | 1370 | 204.700 |
1 | 160 | 204.690 |
1 | 109 | 204.680 |
Price($) | Vol. | No. |
---|---|---|
205.050 | 1030 | 1 |
205.200 | 200 | 1 |
205.300 | 200 | 1 |
205.400 | 400 | 2 |
205.450 | 400 | 1 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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