Jefferies ups target price on Australia's Macmahon after Aspect Engineering acquisition

Macmahon Holdings

07/10/2026 22:31

** Jefferies raises its target price on Macmahon Holdings MAH.AX to A$1.15 from A$1.08 following co's acquisition of Aspect Engineering
** 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 EPSA forecasts by 4%, 9% and 9%, respectively
** Jefferies also describes the deal value of A$75 million  ($52.21 million) as attractive
** Stock up nearly 70% this year, as of last close


($1 = 1.4366 Australian dollars)

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