Webster

54.68

+1.603.01%

Volume:1.05M

Turnover:56.97M

Market Cap:9.20B

PE:12.32

High:54.77

Open:53.22

Low:53.00

Close:53.08

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MS analysts tell clients in a note that the fast-growing home-improvement business, which they expect to account for about 7% of fiscal 2025 group revenue, is highly complementary to the online specialist's furniture offering. They note that management is replicating a proven strategy, and could ramp up quickly given leverage to existing resources and cross-sell opportunity. MS raises its target price 51% to A$28.00 and keeps an overweight rating on the stock. Shares are up 0.9% at A$22.04. 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