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MQA - Morgans rates the stock as Add
BY BROKER NEWS - 20/04/2017 | VIEW MORE BROKER UPDATES

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MQA - MACQUARIE ATLAS ROADS GROUP


March quarter data was a little weaker than Morgan is expected. The broker reduces the target to $5.74 from $5.84 to reflect this, as well as the increased share purchase plan and the re-setting of the base fee forecast.

Add rating retained. The broker believes the company is the laggard in an infrastructure sector that has bounced back strongly.

The market is expected to renew its focus on the doubling of the distribution between FY18 and FY19, as the broker forecasts, driven by toll revenue growth, cost controls and substantial savings on interest.

Sector: Transportation.

Target price is $5.74.Current Price is $5.29. Difference: $0.45 - (brackets indicate current price is over target). If MQA meets the Morgans target it will return approximately 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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