Interestingly I think Magellan is an often misunderstood stock by many analysts out there. They do not seem to be factoring in the quality of Magellan's management and staff and the reputation they have built. They are also the most innovative manager in Aus (such as bringing AASF to market). So comparisons to PDL or PTM are pointless as Magellan should be trading at 3 times their multiples at least.
Therefore my 10 year price target is $900 if they can continue their good management.
MFG Price at posting:
$59.38 Sentiment: Buy Disclosure: Held
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