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TME - Credit Suisse rates the stock as Neutral
BY BROKER NEWS - 16/05/2018 | VIEW MORE BROKER UPDATES

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TME - TRADE ME GROUP LIMITED


Credit Suisse considers the company's briefing highlights a clear sense of purpose across vertical markets and the work that is underway to address a range of growth opportunities.

The main question for the broker is the extent of upside these opportunities can present and over what timeframe. Capital management is on the table and FY18 guidance is unchanged.

Neutral rating. Price target is raised to NZ$4.50 from NZ$4.42.

Sector: Retailing.

Current Price is $4.40. Target price not assessed.



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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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