MWR 0.54% $3.70 mgm wireless limited

New MWR broker coverage - Buy recommendation

  1. 794 Posts.
    lightbulb Created with Sketch. 44
    Canaccord Genuity has released a new initiation coverage for MWR. This is part of Canaccord's Colts. So we have the first mainstream broker now covering MWR. Which is awesome news!!

    The report is dated yesterday - but I assume it was released post market given no impact on market yesterday.

    They set a $6 price target and initiated coverage with a buy recommendation.

    Price target is based on a 14x PER to the blended FY20/FY21 EPS (which they forecast at 43c per share).

    They forecast $13.1m EBITDA in FY21 and EPS of 75.5c in FY21.

    Looks like a great report. Hopefully MWR gets more attention and awareness now.

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Mkt cap ! $45.32M
Open High Low Value Volume
$3.61 $3.70 $3.60 $24.81K 6.877K

Buyers (Bids)

No. Vol. Price($)
1 729 $3.60

Sellers (Offers)

Price($) Vol. No.
$3.70 7533 2
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Last update - 16.10pm 18/06/2019 (20 minute delay) ?
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