Morgans undertakes a mark-to-market exercise for its forecasts for stocks under coverage in the Financial Services sector.
There are only minor changes to forecasts for GQG Partners, which is the broker’s preferred sector pick due to earnings quality, growth potential and a compelling valuation versus current flows momentum.
The Add rating and $2.40 target price are unchanged.
Target price is $2.40.Current Price is $1.80. Difference: $0.60 – (brackets indicate current price is over target). If GQG meets the Morgans target it will return approximately 25% (excluding dividends, fees and charges – negative figures indicate an expected loss).
