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Positive Report for Magellan Financial Group Ltd (NNA) from Morgans

Positive Report for Magellan Financial Group Ltd (NNA) from Morgans

Magellan Financial Group Ltd (NNA – Research Report) received a Buy rating and an A$8.73 price target from Morgans analyst Scott Murdoch CFA today. The company's shares closed last Friday at €4.58.
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Murdoch CFA covers the Financial sector, focusing on stocks such as Magellan Financial Group Ltd, HUB24 Limited, and Pinnacle Investment Management Group Limited. According to TipRanks, Murdoch CFA has an average return of 6.9% and a 45.69% success rate on recommended stocks.
Currently, the analyst consensus on Magellan Financial Group Ltd is a Hold with an average price target of €4.76.
Based on Magellan Financial Group Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €177.41 million and a net profit of €94.01 million. In comparison, last year the company earned a revenue of €185.18 million and had a net profit of €181.33 million
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