MXG

Multiplex (MXG): Winner


Multiplex (MXG) is the winner of the week (the best performing company on the Australian sharemarket ASX200 index) for week 4 of 2007. The construction and property development company closed the week at $4.85, 87 cents higher or 21.9 percent. The All Ordinaries index closed the week at 5753.30, up 2 percent from 5650.8 last week, while the ASX200 index closed at higher at 5769.9 from last week's close of 5673.1.

Multiplex Group (MXG) Stock Recommendation


Multiplex Group (MXG) has an unchanged Reduce 2 stock recommendation and a share price target of $3.78 from stock analyst and investment bank UBS. MXG have announced an intention to launch the Multiplex European Property Fund (MEPF), initially comprising a 356 million Euros (A$595m) portfolio of 67 German retail (c50%), logistics/office (30%) & nursing home (c20%) assets. Whilst funds raised will target Australian sourced capital, management are yet to determine whether MEPF will be a listed/unlisted fund with mgmt yet to finalise structuring & gearing.

Multiplex Group (MXG) Stock Recommendation


Multiplex Group (MXG) has an unchanged Neutral 2 stock recommendation and a share price target of $3.72 from stock analyst UBS.

Mulitplex (MXG) Shares


Mulitplex have a Neutral 2 stock recommendation and a $3.70 price target for their shares from investment banker and stock analyst UBS. According to the bank:

The Wembley project has suffered £183m in losses (net of the A$50m Roberts indemnity). The court hearing to determine damages with regards to CBUK is scheduled for Apr-07. The claims in relation to Mott McDonald design engineers may be decided by court or insurance settlement over the next 6-9mths. Our understanding is the claims against WNSL & Mott McDonald are larger than those against CBUK.

Quick Australian Stock Tips


A compilation of updates by brokers:

Multiplex Group (MXG) Stock Tip


Citigroup Investment Research has maintained their Buy / High Risk Recommendation on Multiplex Group (MXG) stock with a share price target price of $3.36. Multiplex Group is listed on the Australian Stock Exchange (ASX) under stock code MXG. Check your charts!

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