Canaccord Genuity has released a new initiation coverage for MWR. This is part of Canaccord's Colts. So we have the first mainstream broker now covering MWR. Which is awesome news!!
The report is dated yesterday - but I assume it was released post market given no impact on market yesterday.
They set a $6 price target and initiated coverage with a buy recommendation.
Price target is based on a 14x PER to the blended FY20/FY21 EPS (which they forecast at 43c per share).
They forecast $13.1m EBITDA in FY21 and EPS of 75.5c in FY21.
Looks like a great report. Hopefully MWR gets more attention and awareness now.
Cheers
Marv
New MWR broker coverage - Buy recommendation
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Last
1.9¢ |
Change
0.001(5.56%) |
Mkt cap ! $8.949M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.8¢ | $1.739K | 93.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 844606 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 60448 | 2 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.8¢ | 217042 | ||
| Last updated 13.16pm 06/06/2024 ? | |||||
| SPA (ASX) Chart |