GDG – Morgans rates the stock as Add
Morgans applies a -10% discount to its valuation, and its target slips to $1.69 from $1.88. The Add rating is retained.
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Generation Development Group Limited
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GDG – Morgans rates the stock as Add
The broker lifts FY21-FY23 EPS forecasts by around 2%-13% on an increase to in sales assumptions and the target price rises to $1.16 from $1.03.
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GDG – Morgans rates the stock as Add
The first half result revealed the group’s underlying Investment Bond profit (NPAT) was around 11% above Morgans estimates. The target is increased to $0.90 from $0.871 and the Add rating is unchanged.
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GDG – Morgans rates the stock as Add
Generation Development Group has completed a $35m capital raising to fund two strategic growth initiatives, explains Morgans.
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