Australia's Monadelphous rises as Citi raises PT after upbeat forecast

Monadelphous

12/11/2025 24:22

Updates

   ** Shares of Australia's Monadelphous Group MND.AX rise as much as 1.5% to A$26.160

** Citi analysts raise target price for MND on upbeat half-year and annual forecast on Monday

** Citi hikes target price to A$28.75/sh from A$23.60/share, maintains "buy" rating

** The forecast indicated that surge in momentum in 4Q FY25 effectively continuing into FY26 to date - Citi

** Citi says the outlook also shows MND's confidence around full-year outlook even with moderation in second half

** Brokerage raises FY26 revenue forecast to A$2.77 billion ($1.80 billion), 14% higher than their previous forecast

** Six of 13 analysts rate the stock "buy" or higher, four "hold" and three "sell" or lower; their median PT is A$22.75 – LSEG data

** Stock up 86.2% this year, including day's moves

($1 = 1.5389 Australian dollars)

(Reporting by Rajasik Mukherjee & John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))