Morgan Stanley upped their target price to $23.05 this week citing a "step change" leading to "low risk growth, lower gearing and improved returns." Macquarie and Citibank also increased their target prices in late July.
Given the solid track record of delivering good results in recent years, I am happy to continue holding.
The shares have done well over the last few years but in the near term they appear to be close to fully priced (especially for yield investors) so I will not be adding to my position at this time and have changed my sentiment to hold pending further developments. I'll review again after the results announcement.
Ann: LL 2018 Half Year Results Announcement and Presentation, page-21
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Last
$6.85 |
Change
0.030(0.44%) |
Mkt cap ! $4.945B | |||
| Open | High | Low | Value | Volume |
| $6.71 | $6.94 | $6.71 | $4.932M | 719.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12725 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 500 | 2 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| LLC (ASX) Chart |
