RBS Australia 01/04/2010 1 Buy, Trading Buy Opened $7.37 49.5%
Target $7.37 (was $6.41). The broker has lifted its iron ore price forecasts to reflect the BHP Billiton ((BHP)) agreement and the increases make it more likely Fortescue can self fund its intermediate growth options.
The higher prices also mean increases to the broker's earnings forecasts and this generates an increase in price target.
Buy rating retained, short-term Trading Buy also remains in place.
Target price is $7.37 Current Price is $4.96 Difference: $2.41
If FMG meets the RBS Australia target it will return approximately 49% (excluding dividends, fees and charges).
RBS Australia 01/04/2010 1 Buy, Trading Buy Opened $7.37...
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Last
$22.36 |
Change
-0.230(1.02%) |
Mkt cap ! $68.84B | |||
| Open | High | Low | Value | Volume |
| $22.46 | $22.63 | $22.34 | $108.3M | 4.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1690 | $22.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.37 | 13926 | 2 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |