Citi raises PT for Australia's Monadelphous after upbeat forecast

Monadelphous

11/11/2025 20:55

** Citi analysts raise target price for Australia's Monadelphous Group MND.AX after providing upbeat half-year and annual forecast on Monday

** Citi hikes target price to A$28.75/sh from A$23.60/sh; maintains 'buy' rating

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

    ** Citi says the guidance 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 84.1% this year

($1 = 1.5389 Australian dollars)

 (Reporting by John Biju in Bengaluru)

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