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26-10-2014, 09:15 AM
(This post was last modified: 26-10-2014, 09:21 AM by greengiraffe.)
JP Morgan rates MGR as Overweight
109 words
24 Oct 2014
FN Arena
FNAREN
English
Copyright 2014. FN Arena Ltd.
JP Morgan has reviewed the company's projects, noting Mirvac offers exposure to strong residential markets on the eastern seaboard but also has proven office development capabilities.
The broker expects the company to deliver earnings growth above peers through the cycle and retains an Overweight rating. Target is raised to $2.02 from $2.00.
Sector: Real Estate.Target price is $2.02.Current Price is $1.74. Difference: $0.28 - (brackets indicate current price is over target). If MGR meets the JP Morgan target it will return approximately 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).
FN Arena Ltd.
Document FNAREN0020141024eaao0005y
JPM: Mirvac Spared in RBA's Measures on Investor Loans -- Market Talk
149 words
24 Oct 2014
Dow Jones Institutional News
DJDN
English
Copyright © 2014, Dow Jones & Company, Inc.
17:49 EDT - Measures likely to be adopted by the Reserve Bank of Australia to rein in rampant house price growth shouldn't be too painful for property developer Mirvac (MGR.AU), says JPMorgan. "We acknowledge some risk around macroprudential regulation, but believe a light touch approach will be adopted targeted at interest-only investor loans," says JPMorgan analyst Richard Jones. This would ensure that there is no material distortion to the residential market, given it is the battling Australian economy's main shining light, he says. The broker has an overweight call on Mirvac and lifts its price target slightly to A$2.02/share from A$2.00. MGR last traded at A$1.74. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 23, 2014 17:49 ET (21:49 GMT)
Dow Jones & Company, Inc.
Document DJDN000020141023eaan004cc
109 words
24 Oct 2014
FN Arena
FNAREN
English
Copyright 2014. FN Arena Ltd.
JP Morgan has reviewed the company's projects, noting Mirvac offers exposure to strong residential markets on the eastern seaboard but also has proven office development capabilities.
The broker expects the company to deliver earnings growth above peers through the cycle and retains an Overweight rating. Target is raised to $2.02 from $2.00.
Sector: Real Estate.Target price is $2.02.Current Price is $1.74. Difference: $0.28 - (brackets indicate current price is over target). If MGR meets the JP Morgan target it will return approximately 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).
FN Arena Ltd.
Document FNAREN0020141024eaao0005y
JPM: Mirvac Spared in RBA's Measures on Investor Loans -- Market Talk
149 words
24 Oct 2014
Dow Jones Institutional News
DJDN
English
Copyright © 2014, Dow Jones & Company, Inc.
17:49 EDT - Measures likely to be adopted by the Reserve Bank of Australia to rein in rampant house price growth shouldn't be too painful for property developer Mirvac (MGR.AU), says JPMorgan. "We acknowledge some risk around macroprudential regulation, but believe a light touch approach will be adopted targeted at interest-only investor loans," says JPMorgan analyst Richard Jones. This would ensure that there is no material distortion to the residential market, given it is the battling Australian economy's main shining light, he says. The broker has an overweight call on Mirvac and lifts its price target slightly to A$2.02/share from A$2.00. MGR last traded at A$1.74. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 23, 2014 17:49 ET (21:49 GMT)
Dow Jones & Company, Inc.
Document DJDN000020141023eaan004cc