PPS – Morgans rates the stock as Add

By Broker News | More Articles by Broker News

Praemium’s full-year result outpaced the broker by a modest clip thanks to a sharp rise in funds under administration. The resulting 23% jump in revenue carried the group across the break-even level.

Morgans says the company remains on track for solid revenue and earnings growth in FY17.

Add rating retained and the target rises to 57c from 49c.

Sector: Software & Services.

Target price is $0.57.Current Price is $0.41. Difference: $0.17 – (brackets indicate current price is over target). If PPS meets the Morgans target it will return approximately 29% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →