Australia's Macmahon rises after Jefferies hikes price target, EPS estimates

Macmahon Holdings

08/10/2026 24:49

Updates
** Shares of Australia's Macmahon Holdings MAH.AX rise as much as 1.8% to A$1.135, hitting their highest level since September 25
** Jefferies raises target price on MAH to A$1.15 from A$1.08 following co's acquisition of Aspect Engineering Solutions
** Brokerage says Aspect represents the beginning of MAH's third business pillar, extending the group's services across the resources value chain
** Jefferies believes the deal could improve customer retention, customer wallet share and long-term revenue growth for mining services provider
** Jefferies expects no issues with deal completion and lifts FY27, FY28 and FY29 adjusted EPS forecasts by 4%, 9% and 9%, respectively
** Jefferies also describes the deal value of A$75 million  ($52.21 million) as attractive
** Stock up over 70% YTD, including session's moves

($1 = 1.4366 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))