LOGIN JOIN SHARECAFE SIGN UP FOR OUR NEWSLETTER ADVERTISE
share cafe logo  
 
SHARECAFE COMMENTARY

GDG - Morgans rates as Add
BY BROKER NEWS - 11/07/2018 | VIEW MORE BROKER UPDATES

Get More Commentary, Discussion & Market Information On -

GDG - GENERATION DEVELOPMENT GROUP LIMITED


The company has delivered a strong quarterly performance, Morgans observes. The broker lifts FY18 estimates for earnings per share by 8% and FY19 by 22%. There was another material jump in sales inflows.

The broker likes the story and, post recent changes in superannuation, believes alternative low-tax investment options such as investment bonds will experience significant structural growth. Add rating maintained. Target rises to $1.44 from $1.33.

Sector: Insurance.

Target price is $1.44.Current Price is $1.13. Difference: $0.31 - (brackets indicate current price is over target). If GDG meets the Morgans target it will return approximately 22% (excluding dividends, fees and charges - negative figures indicate an expected loss).



View More Broker Updates

FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve.




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.

 

SHARECAFE VIDEO


Ironbark Karara discuss Altium (ASX:ALU)

More video   

RECENTLY ADDED TO SHARECAFE


 › Marcus Today End Of Day Report
 › Friday At The Close
 › Stars Aligning For Orion Minerals
 › Market At Midday On Friday
 › Burning Questions Over Avita, Polynovo Valuations
 › The Market Doesn't Care What Price You Paid
 › Getting Started With The Basics
 › Next Week At A Glance
 › The Overnight Report: Off The Boil
 › TCL - Citi rates the stock as Sell
 › S32 - Macquarie rates the stock as Outperform
 › CMA - Morgans rates the stock as Add
 › ACCC Delays Transurban Decision
 › Manganese Drives South32 North
More ShareCafe   

GET THE SHARECAFE BREAKFAST BRIEFING


Delivered free to your inbox before the market opens each trading day. Sign up below +