mitchy, you could be right. Even though WEB has a high PE/r (relative to its competitor), the market must think it deserves it. The big brokers, after the 2013 full year results came out in August, gave it a broker target of around $4.50:
http://www.fnarena.com/dsp_recommendations.cfm?searchsymbol=web
So, if the results next year, look to be similar to the results from this year, then perhaps it is oversold. It is not like it received a downgrade today- just a "business as usual" approach, with some positive reassurances about sectors of its business.
Maybe it has some takeover target premium in its share price?
mitchy, you could be right. Even though WEB has a high PE/r...
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 (20min delay)
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Last
$4.35 |
Change
-0.140(3.12%) |
Mkt cap ! $1.571B | |||
| Open | High | Low | Value | Volume |
| $4.49 | $4.52 | $4.27 | $30.42M | 7.018M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $4.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.37 | 500 | 1 |
View Market Depth
| Last trade - 16.17pm 27/06/2025 (20 minute delay) ? |
| WEB (ASX) Chart |