$ 1.85 ....underperform ...
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Forbar have been negative on Heartland all the way from $1.30 in Nov 2020 and been wrong all that time.
Consensus target price is $2.23 https://www.marketscreener.com/quote...144/consensus/
Broker targets are complete bs and mainly based on companies they want to do raises for etc.
Banks did not sell off today after OCR statement and they are usually linked to the AUS market anyway.
HGH probably not so linked.
Any price targets are complete bs (if they are taken as a forecast) - brokers are in that regard neither better nor worse than anybody else defining a price target. Has something to do with Ben Grahams statement that NOBODY is able to predict future stock prices. This does include brokers.
"Higher rates higher NIM usually"
one wonders why FOO BAR is not in favour of this stock.
NIM up, one hopes so.
But WBC, ANZ are AUS price driven.
HGH with good long term borrowing at low rates should be in a very nice position right now especially for their reverse mortgage book :)