Australia's Monadelphous rises to 12-1/2-year high; Jefferies, Bell Potter hike PT on upbeat forecast

Monadelphous

11/11/2025 24:09

Updates

** Shares of Australian engineering firm Monadelphous MND.AX rise as much as 7.5% to A$26.870, hitting their highest level since February 18, 2013

** Analysts at Jefferies hike price target for MND to A$18/share from A$17 following upbeat half-year and annual forecast

** The engineering co expects half-year revenue of ~A$1.5 billion ($974.70 million), from A$1.05 billion reported last year

** Co sees full-year revenue to be around 20-25% higher than the previous year

** Jefferies increases FY26 and FY27 EPS estimates by 14% and 6%, respectively

** However, brokerage does not expect strong FY26 revenue outcome to flow through materially to FY27

** Bell Potter lifts target price to A$24 apiece from A$22, maintains "hold" recommendation

** Brokerage says co should benefit from higher Group EBITDA margin over FY26-27

** Analysts on average rate the stock "buy" or higher; their median PT is A$22.04 – LSEG data

** Stock up 78.6% so far this year

($1 = 1.5389 Australian dollars)

 (Reporting by John Biju & Rajasik Mukherjee in Bengaluru)

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