logo
Morgans Sticks to Their Buy Rating for Monadelphous Group Limited (8MP)

Morgans Sticks to Their Buy Rating for Monadelphous Group Limited (8MP)

Morgans analyst Nicholas Rawlinson maintained a Buy rating on Monadelphous Group Limited (8MP – Research Report) today and set a price target of A$17.50. The company's shares closed last Friday at €9.70.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Rawlinson is ranked #4111 out of 9519 analysts.
Currently, the analyst consensus on Monadelphous Group Limited is a Hold with an average price target of €9.11.
8MP market cap is currently €971.7M and has a P/E ratio of 20.86.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

QQQ ETF News, 8/18/2025
QQQ ETF News, 8/18/2025

Business Insider

timean hour ago

  • Business Insider

QQQ ETF News, 8/18/2025

How is QQQ stock faring? The Invesco QQQ ETF has risen 0.58% over the past five days and is up 13.2% year-to-date. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks' unique ETF analyst consensus, which is based on a weighted average of its holdings' analyst ratings, QQQ is a Moderate Buy. The Street's average price target of $638.05 for the QQQ ETF implies an upside potential of about 10.5%. Currently, QQQ's five holdings with the highest upside potential are Strategy (MSTR), Charter Communications (CHTR), Atlassian Corporation (TEAM), Trade Desk (TTD), and Lululemon Athletica (LULU). (PLTR), Intel (INTC), Tesla Motors (TSLA), Fastenal (FAST), and Broadcom (AVGO). Revealingly, QQQ ETF's Smart Score is seven, implying that this ETF is likely to perform in line with the market. Power up your ETF investing with TipRanks. Discover the ETFs with High Upside Potential, carefully curated based on TipRanks' analysis.

Tesla Forced to Cut EV Leasing Prices by 40% in UK Amid Sales Slump
Tesla Forced to Cut EV Leasing Prices by 40% in UK Amid Sales Slump

Business Insider

time5 hours ago

  • Business Insider

Tesla Forced to Cut EV Leasing Prices by 40% in UK Amid Sales Slump

American electric vehicle (EV) maker Tesla (TSLA) is forced to offer up to a 40% discount to its EV leasing companies in the UK to counter a slump in sales. The news was first reported by The Times, citing industry sources. British motorists can lease a Tesla EV for just over half of what they paid last year. Two main reasons cited for this discount are the sales slump and a lack of storage space caused by unsold Tesla EVs in the UK. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In July, Tesla's UK sales plunged by nearly 60% to 987 units, according to data from the Society of Motor Manufacturers and Traders (SMMT). Tesla is facing intense competition from Chinese EV makers, especially BYD (BYDDF), which has been rapidly growing its footprint globally. Tesla's EV market share dropped to 0.7% in July, while BYD's grew to 2.3% of all new EV registrations in the UK. How Will Discounted EV Leasing Help Tesla? Tesla is offering up to a 40% discount to leasing companies, who will in turn pass the discounts on to final consumers in the form of cheaper monthly plans. For example, a Tesla Model 3 can now be leased for merely £252 a month plus VAT on a 36-month lease at Silverstone Leasing, one of Tesla's partners in the UK. Comparatively, last year, a Tesla Model 3 lease would cost customers between £600 and £700 a month. Furthermore, Tesla is offering zero-interest finance deals for its EVs in retail stores to boost sales. This move is expected to cost Tesla $6,000 over three years for a £40,000 EV. These steps also ensure that Tesla shifts more units without dropping the headline price of vehicles. Tesla is responding to the sales slump by offering financial incentives to both leasing companies and end consumers. Meanwhile, in Canada, Tesla is offering unlimited lifetime Supercharging on all new Model 3 inventory vehicles to boost sales of new EVs. It remains to be seen how these promotional efforts will help Tesla regain lost market share in the highly competitive EV market. Is TSLA Stock a Good Buy? Wall Street remains cautious about Tesla's long-term stock outlook. On TipRanks, TSLA stock has a Hold consensus rating based on 14 Buys, 15 Holds, and eight Sell ratings. The average Tesla price target of $307.23 implies 7.1% downside potential from current levels. Year-to-date, TSLA stock has lost 18.2%.

Canaccord Genuity Remains a Buy on Orezone Gold Corporation Registered Shs (ORE)
Canaccord Genuity Remains a Buy on Orezone Gold Corporation Registered Shs (ORE)

Business Insider

time12 hours ago

  • Business Insider

Canaccord Genuity Remains a Buy on Orezone Gold Corporation Registered Shs (ORE)

Canaccord Genuity analyst Reg Spencer maintained a Buy rating on Orezone Gold Corporation Registered Shs on August 14 and set a price target of A$2.50. The company's shares closed last Friday at A$1.24. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Spencer covers the Basic Materials sector, focusing on stocks such as Liontown Resources Limited, Perseus Mining , and Iluka Resources Limited. According to TipRanks, Spencer has an average return of 7.3% and a 50.18% success rate on recommended stocks. The analyst consensus on Orezone Gold Corporation Registered Shs is currently a Hold rating.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store