Jefferies sees positives in MAAS Group's exit from construction materials business

MAAS group

05/02/2026 19:23

** Analysts at Jefferies say MAAS Group's MGH.AX divestment of its construction materials business marks co's shift from capital-intensive materials business to scalable, high-value infrastructure opportunities

** The construction materials and equipment co said on Thursday it would sell its building materials division for up to A$1.70 billion ($1.18 billion) to Heidelberg Materials Australia

** Brokerage sees potential for higher EPS revisions over the long term, with co now in better cash position

** However, flags that MAAS must now bridge the earnings gap left by the divestment through strategic capital allocation

** Maintains "buy" rating

** Five of six analysts rate the stock "buy" or higher, with one "hold"; their mean PT is A$5.03/shr, as per LSEG data

** Stock down 24.5% YTD as of last close

($1 = 1.4368 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))