Tiger Brokers

BUZZ-Jefferies raises PT on Australia's Maas Group

Reuters
Jun 10, 2025
BUZZ-Jefferies raises PT on Australia's Maas Group

** Jefferies hikes PT of Australian industrial service and real estate company Maas Group MGH.AX; maintains "buy" rating

** New PT of A$5.25 an upside of ~23% from stock's last close

** Brokerage says Maas' unit Cleary Bros can double construction materials output within 5 years

** Says Cleary Bros can significantly reduce its unit costs by improving equipment and site management

** Maas Group's management increasingly confident in the ramp-up of renewable energy projects - Jefferies

** MGH is developing renewable energy infrastructure along the east coast of Australia

** Jefferies expects a strong medium-term EPS growth and "multiple expansion" for co

** MGH down 10.9% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10