RCR – Macquarie rates the stock Outperform

By Broker News | More Articles by Broker News

Macquarie resumes coverage following a $90m capital raising, with an Outperform rating and $4.64 target.

The broker believes the company is well-placed to capitalise on the growing renewable sector and other infrastructure projects, also benefiting from any improvement in the resources sector.

Sector: Capital Goods.

Target price is $4.64.Current Price is $4.25. Difference: $0.39 – (brackets indicate current price is over target). If RCR meets the Macquarie target it will return approximately 8% (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 →