SGH Trading in Line With ASX200, M&A Remains Primary Catalyst, Says Jefferies
MT Newswires Live
Nov 11, 2025
SGH (ASX:SGH) is trading in line with the ASX200 index, which makes it "fairly" valued in the absence of earnings upgrades, with potential mergers or acquisitions being the primary catalyst, according to a Monday Jefferies note.
Given the lack of near-term earnings growth or major new deals, Jefferies sees limited room for further re-rating of the stock.
Jefferies expects it will be difficult for the company to outperform the broader market in the short term, although SGH's industrial services businesses are considered "high quality."
Jefferies kept a hold rating on SGH with a price target of AU$51.20.
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