IPH - Morgans rates the stock as Add
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Based on analysis of the company's filings, Morgans calculates growth of 1.4% in the patent filings market in the second half. IPH strongly outperformed the market, with growth of 5.1%.
The broker increases operating earnings forecasts for FY18 by 1.0% and FY19 by 5.5%. Add rating maintained. Target is raised to $5.13 from $4.82.
Sector: Commercial & Professional Services.
Target price is $5.13.Current Price is $4.78. Difference: $0.35 - (brackets indicate current price is over target). If IPH meets the Morgans target it will return approximately 7% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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