Australia's MAAS Group rises as Macquarie lifts PT

MAAS group

22/12/2023 02:10

** Shares of Australia's MAAS Group  MGH.AX  rise as much as
1.8% to A$3.9
    ** Analysts at Macquarie raise PT on the construction
materials maker by 30% to A$4.55
    ** Brokerage expects co's EBITDA to rise going ahead and
better align the firm alongside sector rivals
    ** Feedback from industry players in construction materials
segment is that price discipline is uniformly better as the
industry seeks to recover margins from recent lows - Brokerage 
    ** Six of seven analysts rate the stock "buy" or higher and
one "hold"; their median PT is A$4.05 – LSEG data
    ** Stock has risen 44% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))