Seek Bulls See Price Rises Supporting Yield Aspirations
Dow Jones
Jul 27
0049 GMT - Seek's bulls at UBS think that the Australian job advertiser's price rises should lower yield risks for fiscal 2027. Maintaining a buy rating on the stock, the UBS analysts tell clients in a note that the investment bank's price tracking has shown an acceleration at Seek in the June-July period that straddles the end of one fiscal year and the start of another. They reckon that basic pricing rose by 11% and premium pricing by 9%, which should support Seek's aspiration for high single-digit yield growth in Australia and New Zealand. UBS raises its target price on the stock by 3% to 18.80 Australian dollars. Shares are up 4.8% at A$13.51. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 26, 2026 20:49 ET (00:49 GMT)
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