Update:
The 2 other research houses that cover Codan reaffirmed their price targets.
Canaccord has a buy with $1.02 target.
Moelis has a buy with $1.05 target.
They seem to be in contact with management so they are getting a better vibe than the rest of us.
The stock is moving up one way or another and I feel these price targets are ultra conservative as most analysts under shoot to make themselves look good.
Even with the PE moving up just 2 basis points...this is a 90 cent stock. When it get's to 15, it's $1.11.
Crazy value with the yield almost at 6% locked in.
Doesn't get must more gift wrapped than this.
http://www.codan.com.au/Portals/0/otherpubs/Codan Signals Hope Amidst Mining Gloom_11.2.2016.pdf
Update: The 2 other research houses that cover Codan reaffirmed...
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Last
$15.80 |
Change
0.030(0.19%) |
Mkt cap ! $2.785B | |||
| Open | High | Low | Value | Volume |
| $15.80 | $15.97 | $15.70 | $2.528M | 159.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 343 | $15.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.81 | 803 | 2 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| CDA (ASX) Chart |
