Interesting..
Boom days ahead for IncitecBy Colin Kruger
Incitec Pivot’s boom day is not expected to be a one-off.
Shares of the explosives and fertiliser group got a strong boost Monday after it reported a 21 per cent boost to earnings thanks to strong commodity and fertiliser prices.
Incitec shares jumped as much as 17.6 per cent to a year high of $3.67 before closing at $3.24 yesterday and brokers are expecting more of the same. It is up a further 1.4 per cent today to $3.28 in a falling market.
Morgan Stanley upgraded its valuation on the stock from $3.55 to $4.30 saying the group is ideally positioned to benefit from the current strength in global fertiliser markets.
“We see further upside to prices from here, implying further earnings upgrades and strong cash generation.“
Morgans also upgraded its price target from $3.05 to $3.75 saying Incitec has leverage to attractive industry fundamentals and the potential for further material upgrades.
- Forums
- ASX - By Stock
- General discussion
Interesting..Boom days ahead for IncitecBy Colin KrugerIncitec...
-
- There are more pages in this discussion • 1,347 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXM (ASX) to my watchlist
|
|||||
Last
3.2¢ |
Change
-0.002(5.88%) |
Mkt cap ! $27.72M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.2¢ | $12.05K | 368.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 158000 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 98862 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 158000 | 0.032 |
1 | 32000 | 0.031 |
4 | 457333 | 0.030 |
3 | 77168 | 0.028 |
1 | 30000 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 98862 | 1 |
0.034 | 249908 | 3 |
0.036 | 64722 | 1 |
0.037 | 15531 | 1 |
0.038 | 50000 | 1 |
Last trade - 15.17pm 29/08/2024 (20 minute delay) ? |
Featured News
CXM (ASX) Chart |