Macquarie & Bell have reduced their price target on the stock overnight. Macquarie from 50c to 36c. They did flag that the capital investment required was slightly higher than they anticipated. Both brokers still both have an outperform and a spec buy recommendation on it with target prices of 36c and 40c.
There are some funds exiting the stock into stronger hands today. Overall, there there is really nothing to see here in the overall scheme...
General discussion (MEI), page-5137
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $199.0M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.3¢ | 10.0¢ | $124.4K | 1.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 3238924 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1651233 | 22 |
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| Last trade - 11.35am 02/08/2024 (20 minute delay) ? |
| MEI (ASX) Chart |