Broker reports out overnight.
UBS and Morgans have massively reduced their 'target price' to around $17.
Remember broker target prices are based on a price only one year out, they are not long term valuations.
Morningstar is different they try to determine 'long term value'.
Morningstar cut their fair value by 25% to $38.
MFG Fair Value, page-2
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 (20min delay)
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Last
$8.41 |
Change
-0.145(1.70%) |
Mkt cap ! $1.525B | |||
| Open | High | Low | Value | Volume |
| $8.45 | $8.50 | $8.34 | $3.563M | 423.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 4728 | $8.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.41 | 2389 | 18 |
View Market Depth
| Last trade - 13.24pm 24/05/2024 (20 minute delay) ? |
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Last
$8.39 |
Change
-0.145 ( 1.65 %) |
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| Open | High | Low | Volume | ||
| $8.44 | $8.47 | $8.33 | 68727 | ||
| Last updated 13.43pm 24/05/2024 ? | |||||
| MFG (ASX) Chart |