BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET Macquarie
11/05/2020
3
Resumption of coverage with Outperform
$0.18
12.50%
- COMMENTARY
The broker has returned from restriction, post capital raising, with an Outperform rating on Southern Cross Media (previously Neutral) and an 18c target (70c).
The raising has de-risked the balance sheet, and operational initiatives and Job Keeper will materially mitigate near-term revenue headwinds, the broker suggests.
The broker is forecasting -35% and -79% falls in earnings in FY20-21. From this re-base, the valuation is seen as attractive given operating leverage to a normalisation of ad markets.
BROKERDATERATINGRECOMMENDATIONTARGET PRICE% TO REACH...
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Last
58.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $139.1M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 58.5¢ | 57.5¢ | $285.4K | 492.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 48371 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 5686 | 10 |
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| Last trade - 15.43pm 20/08/2024 (20 minute delay) ? |
| SXL (ASX) Chart |