SEK - ABN Amro rates the stock as Buy
BROKER NEWS - 18/04/2008
The ongoing secular shift across to internet ads from traditional media ads will support SEEK's earnings ahead, the broker suggests, but not enough in the short term to offset a cyclical drop in job ads.
The broker is now forecasting a 10% decrease in FY09 job ads for SEEK against its earlier 7% forecast increase.
Target falls from $7.72 to $6.57. Sector: Commercial Services & Supplies.
Target price is $6.57. Current Price is $5.66. Difference: $0.91 - (brackets indicate current price is over target). If SEK meets the ABN Amro target it will return approximately 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).
job decline presents buying opportunity, page-7
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Last
$20.06 |
Change
0.120(0.60%) |
Mkt cap ! $7.157B | |||
| Open | High | Low | Value | Volume |
| $20.10 | $20.26 | $19.87 | $28.92M | 1.441M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3557 | $20.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.06 | 1936 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| SEK (ASX) Chart |