...Moelis considers the stock one of the better ways to play the upcoming reinvestment cycle in Western Australia and for gaining exposure to the potential for further contracts to be awarded over coming months from Fortescue Metals and Rio Tinto. Nevertheless, the broker considers the risk/reward balanced and moves to a Hold rating on valuation grounds, with a target of $1.87.
Citi maintains a Buy rating and $1.95 target, now more confident regarding the company's ability to capitalise on the increase in iron ore expenditure in the Pilbara. Citi increases FY19-20 estimates for net profit by 2-5%.
Chart Update, page-334
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Last
$3.89 |
Change
-0.010(0.26%) |
Mkt cap ! $1.574B | |||
| Open | High | Low | Value | Volume |
| $3.90 | $3.93 | $3.88 | $2.711M | 695.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1228 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 36747 | 4 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| NWH (ASX) Chart |
