Weekly Reports | Mar 13 2026
This story features COLES GROUP LIMITED, and other companies.
For more info SHARE ANALYSIS: COL
The company is included in ASX20, ASX50, ASX100, ASX200, ASX300 and ALL-ORDS
A summary of the highlights from Broker Call Extra updates throughout the week past.
Broker Rating Changes (Post Thursday Last Week)
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COLES GROUP LIMITED ((COL)) Upgrade to Overweight from Neutral by Jarden.B/H/S: 0/0/0
Coles Group’s 1H26 result was in line, with earnings 3% ahead of Jarden, with cash-realisation up, margins up, and progress on key strategic initiatives. The focus, however, was on the outlook, with the sustainability of margin in question.
There was also a weaker trading update. Jarden’s industry discussions suggest Coles is still gaining share, with exit rates stronger, improving trends in non-food and growth in online supportive of a strong second half. The key risk the broker sees is liquor.
Upgrade to Overweight from Neutral, target falls to $21.60 from $23.00.
CLEANAWAY WASTE MANAGEMENT LIMITED ((CWY)) Upgrade to Buy from Overweight by Jarden.B/H/S: 0/0/0
Cleanaway Waste Management delivered 1H26 underlying earnings 2.8% ahead of consensus. Importantly, notes Jarden, and for the first time in some time, this equated to stronger core profit and earnings, which were also ahead of consensus.
Positively for the broker, Solid Waste operating performance was strong. On the opposite side, free cash flow generation softened compared to 1H25, earnings cash conversion was soft and ‘one-offs’ once again featured prominently in the disclosure materials.
Commentary highlights Cleanaway’s earnings guidance has consistently been for a 2H26 skew.
Solid Waste will likely remain strong, Jarden suggests, Health Services should recover, Contract Resources is reportedly delivering ahead of expectations and the safety investment required is within the -$400m capex guidance.
Upgrade to Buy from Overweight. Target rises to $3.10 from $3.00.
IDP EDUCATION LIMITED ((IEL)) Overweight by Jarden.B/H/S: 0/0/0
After consistent earnings downgrades over the past couple of years, it is a welcome sight to see IDP Education’s FY26 guidance upgraded 4% at the midpoint, Jarden comments.
However, guidance implies a -25% downgrade to previous 2H26 earnings assumptions.
Jarden remains cautious on the wider volumes recovery, with momentum in the UK and Canada worse than anticipated.
The broker does expect volumes to recover in the long term, with further upside possible if the company is able to execute in China, New Zealand and Ireland.
Target falls to $6.00 from $6.40, Overweight retained.
REECE LIMITED ((REH)) Upgrade to Overweight from Neutral by Jarden.B/H/S: 0/0/0
Jarden estimates mature US stores operated at an EBIT margin of 5.4% through the first half for Reece and, with store openings expected to moderate from the second half, the first represents a “peak drag” on reported margins. Rating is upgraded to Overweight from Neutral.
The broker’s forecasts incorporate a modest volume recovery from the first half in FY27 with US EBIT margins reaching 5.7% from FY30. Target is revised up to $16.40 from $13.90 and EPS estimates are increased by 4.8% for FY26 and 3.6% for FY27.
VAULT MINERALS LIMITED ((VAU)) Upgrade to Buy from Hold by Canaccord Genuity.B/H/S: 0/0/0
Vault Minerals delivered H1 underlying EBITDA of $385m that substantially beat Canaccord Genuity’s estimates.
FY26 guidance has been maintained with production of 332-360,000 ounces at AISC of $2650-2850/oz. A maiden interim unfranked dividend of seven cents was declared.
The broker updates its modelling and upgrades the rating to Buy from Hold. Target is steady at $6.45.
VIRGIN AUSTRALIA HOLDINGS LIMITED ((VGN)) Upgrade to Buy from Overweight by Jarden.B/H/S: 0/0/0
Jarden was impressed with the first half result from Virgin Australia amid lower depreciation and with the timing of capital expenditure skewed more heavily to the second half.
Commentary identifies the highlight in the strong RASK performance, largely driven by yield improvements.
The outlook appears to offer more of the same, with the broker noting execution is running to plan.
Given the recent pull back in the share price since initiating coverage, Jarden upgrades to Buy from Overweight while keeping its target at $4.
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AIR NEW ZEALAND LIMITED ((AIZ)) Downgrade to Sell from Underweight by Jarden.B/H/S: 0/0/0
Jarden lowers its target for Air New Zealand to NZ47c from NZ55c and downgrades to Sell from Underweight after a worse-than-expected interim result.
The airline reported a profit before tax loss of -NZ$59m, worse than guidance of -NZ$30m to -$55m, the broker notes, reflecting higher fuel prices.
It’s noted engine maintenance issues, weak domestic demand, rising aviation charges and a weaker NZ dollar also pressured earnings.
The analysts expect a similar or slightly weaker second-half outcome, with Air New Zealand guiding to comparable earnings performance and capacity rising 3-4%.
Jarden forecasts a FY26 net loss of -NZ$134m and a FY27 loss of -NZ$60m, with profit recovery delayed until FY28 and dividends returning in FY29.
KAROON ENERGY LIMITED ((KAR)) Downgrade to Neutral from Overweight by Jarden.B/H/S: 0/0/0
While Karoon Energy’s result beat consensus earnings and dividend estimates, most of the incremental asset updates were neutral to negative, Jarden notes. While 2026 production guidance was left unchanged, production issues at Who Dat will impact forecast output in 2026.
As Karoon enters into a critical six-month period in Brazil, the company has announced it will moderate its buyback. Jarden turns similarly cautious and downgrades to Neutral from Overweight with a revised $1.57 target, down from $1.75, on lower Brazil and risked Neon values.
SMARTGROUP CORPORATION LIMITED ((SIQ)) Downgrade to Hold from Buy by Canaccord Genuity.B/H/S: 0/0/0
FY25 revenue for Smartgroup Corp of $329.3m came in 3% ahead of Canaccord Genuity’s $319.3m forecast and 1.5% above the consensus estimate, leading to stronger profitability.
Earnings (EBITDA) exceeded the broker’s forecast by 6.7% and the consensus estimate by 3.6%, while profit also beat the analysts’ estimate by 5.2%.
Canaccord attributes the ‘beats’ to new contract wins, a 10% increase in salary packaging customers and favourable settlement mix, though cautions this mix may moderate in FY26.
FY26 and FY27 profit forecasts are raised by 2.4% and 0.6% respectively.
Unchanged $9.10 target price. The broker’s rating is downgraded to Hold from Buy on valuation and the risk of negative sentiment from the government’s review of the FBT exemption for BEV novated leases over the next six months.
SUMMERSET GROUP HOLDINGS LIMITED ((SNZ)) Neutral by Jarden.B/H/S: 0/0/0
Summerset Group is moving slowly and selectively to a changing sector narrative, Jarden notes. The market seems to be increasingly concerned despite record growth in underlying profit.
This despite unit prices up in line with the broker’s long-term expectations over this period while development delivery has been impressive. Summerset is addressing the question of cost but needs to do more, Jarden suggests.
The broker is waiting for the turnaround. Target falls to NZ$11.44 from NZ$11.90, Neutral retained.
| Order | Company | New Rating | Old Rating | Broker | |
|---|---|---|---|---|---|
| Upgrade | |||||
| 1 | CLEANAWAY WASTE MANAGEMENT LIMITED | Buy | Buy | Jarden | |
| 2 | COLES GROUP LIMITED | Buy | Neutral | Jarden | |
| 3 | IDP EDUCATION LIMITED | Buy | Neutral | Jarden | |
| 4 | REECE LIMITED | Buy | Neutral | Jarden | |
| 5 | VAULT MINERALS LIMITED | Buy | Neutral | Canaccord Genuity | |
| 6 | VIRGIN AUSTRALIA HOLDINGS LIMITED | Buy | Buy | Jarden | |
| Downgrade | |||||
| 7 | AIR NEW ZEALAND LIMITED | Sell | Sell | Jarden | |
| 8 | KAROON ENERGY LIMITED | Neutral | Buy | Jarden | |
| 9 | SMARTGROUP CORPORATION LIMITED | Neutral | Buy | Canaccord Genuity | |
| 10 | SUMMERSET GROUP HOLDINGS LIMITED | Neutral | Buy | Jarden | |
Price Target Changes (Post Thursday Last Week)
| Company | Last Price | Broker | New Target | Old Target | Change | |
|---|---|---|---|---|---|---|
| 29M | 29Metals | $0.38 | Jarden | 0.35 | 0.37 | -5.41% |
| ACE | Acusensus | $1.56 | Canaccord Genuity | 2.50 | 2.30 | 8.70% |
| AEL | Amplitude Energy | $2.62 | Canaccord Genuity | 3.65 | 3.35 | 8.96% |
| Jarden | 2.85 | 2.75 | 3.64% | |||
| ALC | Alcidion Group | $0.10 | Canaccord Genuity | 0.14 | 0.13 | 7.69% |
| APE | Eagers Automotive | $21.00 | Canaccord Genuity | 32.00 | 33.60 | -4.76% |
| ART | Airtasker | $0.23 | Research as a Service (RaaS) | 0.48 | 0.51 | -5.88% |
| ASG | Autosports Group | $2.46 | Canaccord Genuity | 4.84 | 4.94 | -2.02% |
| BAP | Bapcor | $0.67 | Canaccord Genuity | N/A | 2.00 | -100.00% |
| BET | Betmakers Technology | $0.19 | Canaccord Genuity | 0.24 | 0.22 | 9.09% |
| BMN | Bannerman Energy | $4.01 | Canaccord Genuity | 5.80 | 5.99 | -3.17% |
| BSL | BlueScope Steel | $26.57 | Jarden | 28.50 | 30.00 | -5.00% |
| CNI | Centuria Capital | $1.60 | Jarden | 2.18 | 2.40 | -9.17% |
| COL | Coles Group | $20.42 | Jarden | 21.60 | 23.00 | -6.09% |
| CSL | CSL | $141.04 | Canaccord Genuity | 180.00 | 225.00 | -20.00% |
| CUV | Clinuvel Pharmaceuticals | $10.13 | Canaccord Genuity | 27.90 | 32.84 | -15.04% |
| CWY | Cleanaway Waste Management | $2.39 | Jarden | 3.10 | 3.00 | 3.33% |
| DUG | Dug Technology | $2.00 | Canaccord Genuity | 3.00 | 2.90 | 3.45% |
| EDV | Endeavour Group | $3.76 | Jarden | 3.10 | 3.20 | -3.13% |
| ELD | Elders | $6.80 | Canaccord Genuity | 8.64 | 8.08 | 6.93% |
| EXP | Experience Co | $0.10 | Canaccord Genuity | 0.16 | 0.23 | -30.43% |
| GNP | GenusPlus Group | $7.67 | Moelis | 9.49 | 8.88 | 6.87% |
| GOZ | Growthpoint Properties Australia | $2.11 | Moelis | 2.98 | 3.09 | -3.56% |
| HVN | Harvey Norman | $5.16 | Jarden | 6.60 | 7.60 | -13.16% |
| IEL | IDP Education | $4.09 | Jarden | 6.00 | 6.25 | -4.00% |
| KAR | Karoon Energy | $1.98 | Jarden | 1.57 | 1.75 | -10.29% |
| LYC | Lynas Rare Earths | $21.17 | Canaccord Genuity | 18.60 | 18.10 | 2.76% |
| MM8 | Medallion Metals | $0.46 | Canaccord Genuity | 0.95 | 1.05 | -9.52% |
| MSB | Mesoblast | $2.14 | Canaccord Genuity | 3.23 | 3.32 | -2.71% |
| MVF | Monash IVF | $0.64 | Canaccord Genuity | 0.69 | 0.65 | 6.15% |
| NDO | Nido Education | $0.43 | Canaccord Genuity | 0.73 | 0.81 | -9.88% |
| NEU | Neuren Pharmaceuticals | $11.95 | Canaccord Genuity | 24.35 | 23.00 | 5.87% |
| NXT | NextDC | $12.70 | Canaccord Genuity | 20.40 | 22.55 | -9.53% |
| OBM | Ora Banda Mining | $1.44 | Moelis | 1.30 | 1.27 | 2.36% |
| ORE | Orezone Gold | $2.37 | Canaccord Genuity | 4.00 | 3.75 | 6.67% |
| PPE | PeopleIN | $0.64 | Canaccord Genuity | 1.00 | 1.30 | -23.08% |
| PXA | Pexa Group | $14.69 | Jarden | 17.60 | 17.40 | 1.15% |
| RDY | ReadyTech Holdings | $1.24 | Canaccord Genuity | 1.34 | 2.63 | -49.05% |
| REH | Reece | $14.49 | Jarden | 16.40 | 13.90 | 17.99% |
| RHC | Ramsay Health Care | $41.80 | Jarden | 45.20 | 40.60 | 11.33% |
| RIC | Ridley Corp | $2.67 | Canaccord Genuity | 3.52 | 3.47 | 1.44% |
| RWL | Rubicon Water | $0.17 | Canaccord Genuity | 0.33 | 0.44 | -25.00% |
| SHJ | Shine Justice | $0.70 | Moelis | 0.95 | 0.99 | -4.04% |
| SPG | SPC Global | $0.32 | Canaccord Genuity | 0.80 | 0.85 | -5.88% |
| SUN | Suncorp Group | $15.23 | Jarden | 18.80 | 18.60 | 1.08% |
| TCL | Transurban Group | $14.20 | Jarden | 13.50 | 13.60 | -0.74% |
| WGX | Westgold Resources | $6.21 | Canaccord Genuity | 8.50 | 8.35 | 1.80% |
| Company | Last Price | Broker | New Target | Old Target | Change | |
More Highlights
ACE ACUSENSUS LIMITED
Transportation & Logistics – Overnight Price: $1.61
Canaccord Genuity rates ((ACE)) as Buy (1) –
Acusensus delivered a first half result that was in line with estimates and reiterated FY26 guidance for revenue to increase 40-46% to $83-87m.
The company is investing, increasing its “innovation activities” to $4m with operating and capital expenditure stepping up to -$22m, announcing the expansion of its multifunction fixed enforcement contract in Western Australia with incremental value of $11m to the original contract worth $9m.
Canaccord Genuity asserts the business has a bespoke, proprietary and industry-specific AI model that should provide significant protection against potential competitor-driven disruption. Buy rating unchanged. Target rises to $2.50 from $2.30.
This report was published on February 26, 2026.
Target price is $2.50 Current Price is $1.61 Difference: $0.89
If ACE meets the Canaccord Genuity target it will return approximately 55% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CYG COVENTRY GROUP LIMITED
Hardware & Equipment – Overnight Price: $0.44
Taylor Collison rates ((CYG)) as Hold (3) –
Coventry Group delivered first half results that were “optically” very weak, Taylor Collison asserts.
Several non-recurring factors affected the results including the unwinding of -$5m in accounts payable and ERP costs of -$800,000 as well as restructuring costs of -$600,000. Additional expenditure of -$2m followed the relocation of a store in Mackay.
The broker weighs the potential breakup of the company’s divisions, maintaining when separated they are more valuable than the current share price implies.
If the company can rectify the cash drain, the breakup thesis can be achieved and the broker has a Hold rating, with improving operating performance required to review its stance. No target is provided.
This report was published on March 5, 2026.
Current Price is $0.44. Target price not assessed.
The company’s fiscal year ends in June.
Forecast for FY26:
Taylor Collison forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 8.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 5.06.
Forecast for FY27:
Taylor Collison forecasts a full year FY27 dividend of 0.00 cents and EPS of 5.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.59.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
EGH EUREKA GROUP HOLDINGS LIMITED
Aged Care & Seniors – Overnight Price: $0.53
Moelis rates ((EGH)) as Buy (1) –
First-half underlying earnings of 1.44c for Eureka Group fell -8% on the prior year. Moelis explains this fall reflects the impact of the November 2024 equity raise, the timing of capital deployment and repositioning of newly acquired assets.
FY26 guidance was maintained at 3.37-3.44c, implying to the broker a stronger H2 as new acquisitions stabilise and contribute for a full period.
The analysts highlight like-for-like rental growth of 5.7% in the seniors rental portfolio with an earnings (EBITDA) margin of 55%, while loan-to-value rose to 33.5% following recent acquisitions.
A development pipeline of around 830 sites is noted along with ongoing acquisition opportunities supporting future growth.
Buy rating and $0.69 target reiterated.
This report was published on March 2, 2026.
Target price is $0.69 Current Price is $0.53 Difference: $0.165
If EGH meets the Moelis target it will return approximately 31% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 1.60 cents and EPS of 3.40 cents.
At the last closing share price the estimated dividend yield is 3.05%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.44.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 1.90 cents and EPS of 4.00 cents.
At the last closing share price the estimated dividend yield is 3.62%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.13.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GNP GENUSPLUS GROUP LIMITED
Infrastructure & Utilities – Overnight Price: $7.91
Moelis rates ((GNP)) as Buy (1) –
GenusPlus Group’s acquisition of Railtrain Holdings (for -$36.5m and up to -$18m in contingent earnout payments) strengthens its exposure to rail infrastructure services, Moelis notes.
Railtrain generates around $96m in revenue and $16m in earnings.
The deal supports growth across transmission, energy transition infrastructure and communications, the broker highlights, with upside risk to outer-year forecasts.
EPS forecasts across FY26-FY28 rise by 2-10% following the acquisition, reflecting stronger pipeline conversion.
Moelis retains a Buy rating and $9.49 target.
This report was published on March 5, 2026.
Target price is $9.49 Current Price is $7.91 Difference: $1.58
If GNP meets the Moelis target it will return approximately 20% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 6.50 cents and EPS of 27.10 cents.
At the last closing share price the estimated dividend yield is 0.82%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 29.19.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 7.30 cents and EPS of 30.40 cents.
At the last closing share price the estimated dividend yield is 0.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.02.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IEL IDP EDUCATION LIMITED
Education & Tuition – Overnight Price: $4.64
Jarden rates ((IEL)) as Overweight (2) –
After consistent earnings downgrades over the past couple of years, it is a welcome sight to see IDP Education’s FY26 guidance upgraded 4% at the midpoint, Jarden comments.
However, guidance implies a -25% downgrade to previous 2H26 earnings assumptions.
Jarden remains cautious on the wider volumes recovery, with momentum in the UK and Canada worse than anticipated.
The broker does expect volumes to recover in the long term, with further upside possible if the company is able to execute in China, New Zealand and Ireland.
Target falls to $6.00 from $6.40, Overweight retained.
This report was published on February 27, 2026.
Target price is $6.00 Current Price is $4.64 Difference: $1.36
If IEL meets the Jarden target it will return approximately 29% (excluding dividends, fees and charges).
Current consensus price target is $6.12, suggesting upside of 31.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 4.50 cents and EPS of 25.40 cents.
At the last closing share price the estimated dividend yield is 0.97%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.27.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 23.7, implying annual growth of 48.2%.
Current consensus DPS estimate is 5.3, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 19.6.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 5.30 cents and EPS of 29.50 cents.
At the last closing share price the estimated dividend yield is 1.14%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.73.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 30.4, implying annual growth of 28.3%.
Current consensus DPS estimate is 12.1, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 15.3.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
LNQ LINQ MINERALS LIMITED
Mining – Overnight Price: $0.45
Research as a Service (RaaS) rates ((LNQ)) as No Rating (-1) –
Linq Minerals, focused on development and exploration at the Gilmore project, has completed 4km of the initial 16km of proposed drilling and is expanding forward drilling to 30km after recently raising capital. The project possesses a significant copper-gold resource with close proximity to infrastructure.
Research as a Service (RaaS) highlights there is now $20m in cash which should provide the company with sufficient funding to continue progressing planned activities.
On comparable metrics the broker believes the stock is undervalued and investors do not fully appreciate the scale and economic potential of Gilmore.
Research as a Service (RaaS) research doesn’t carry any targets, ratings or recommendations. Investors can draw conclusions from valuations and commentary.
This report was published on March 2, 2026.
Current Price is $0.45. Target price not assessed.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
MAQ MACQUARIE TECHNOLOGY GROUP LIMITED
Cloud services – Overnight Price: $61.21
Canaccord Genuity rates ((MAQ)) as Buy (1) –
Macquarie Technology’s first-half FY26 earnings (EBITDA) of $57.9m modestly exceeded Canaccord Genuity’s expectation and came in slightly ahead of consensus.
The broker highlights revenue growth of 5% year-on-year, supported by double-digit expansion in Cloud Services & Government and Data Centres.
While Telecom revenue declined -8% year-on-year, strong cash conversion of 109% and solid free cash flow (FCF) generation are noted.
The FY26 earnings forecast is raised by 2% though first earnings are delayed from the IC3 Super West data centre to FY28.
Canaccord reiterates a Buy rating on Macquarie Technology with its target price unchanged at $95.
This report was published on February 27, 2026.
Target price is $95.00 Current Price is $61.21 Difference: $33.79
If MAQ meets the Canaccord Genuity target it will return approximately 55% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 105.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 58.30.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 42.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 145.74.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PDN PALADIN ENERGY LIMITED
Uranium – Overnight Price: $11.95
Shaw and Partners rates ((PDN)) as Buy (1) –
Shaw and Partners assesses the uranium market is in the early stages of a “super cycle” and expects prices will increase to around US$200/lb before reverting to a long-term sustainable price of US$120/lb next decade.
Paladin Energy will shift the focus to Patterson Lake South after completing a successful ramp up of Langer Heinrich to full capacity in mid 2026.
The broker notes the share price has re-rated as the market recognises the commissioning issues at the latter were temporary. The next phase of outperformance is exppected to be driven by the strengthening uranium market.
Buy, High Risk rating retained. Target is $17.50.
This report was published on March 5, 2026.
Target price is $17.50 Current Price is $11.95 Difference: $5.55
If PDN meets the Shaw and Partners target it will return approximately 46% (excluding dividends, fees and charges).
Current consensus price target is $12.46, suggesting upside of 2.1%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 25.86 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 46.21.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 7.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 158.4.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 15.70 cents and EPS of 126.71 cents.
At the last closing share price the estimated dividend yield is 1.31%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.43.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 37.1, implying annual growth of 381.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 32.9.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PNC PIONEER CREDIT LIMITED
Business & Consumer Credit – Overnight Price: $0.72
Shaw and Partners rates ((PNC)) as Buy (1) –
Pioneer Credit has upgraded FY26 net profit guidance to at least $23m following the repricing of its $55.5m medium term note. Shaw and Partners upgrades estimates to reflect interest savings and the gain on loan modification.
The FY27 and FY28 upgrades to EPS of 1-2% reflect more interest savings, having already assumed 200 basis points of savings.
The broker suggests the upgrade demonstrates management’s confidence it can deliver on cash collections, debt purchases and free cash flow.
Buy rating retained. Target is steady at $1.
This report was published on March 10, 2026.
Target price is $1.00 Current Price is $0.72 Difference: $0.28
If PNC meets the Shaw and Partners target it will return approximately 39% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 12.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.81.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 13.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.26.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WA1 WA1 RESOURCES LIMITED
Industrial Metals – Overnight Price: $15.61
Canaccord Genuity rates ((WA1)) as Speculative Buy (1) –
WA1 Resources’ drilling at the Luni niobium (Nb) project continues to reinforce the scale and quality of the deposit, Canaccord Genuity suggests, with results broadly consistent with previous high-grade intersections.
The broker highlights recent assays from 32 holes within the 85,000m drilling campaign, targeting resource definition across eastern and western high-grade zones.
The drilling grid is designed to support conversion of mineralisation into higher-confidence resource categories ahead of an updated Mineral Resource Estimate in the June quarter.
Development activities are progressing, with further drilling planned to support metallurgical, geotechnical and resource definition workstreams, explain the analysts.
Speculative Buy rating and target of $32 maintained.
This report was published on March 3, 2026.
Target price is $32.00 Current Price is $15.61 Difference: $16.39
If WA1 meets the Canaccord Genuity target it will return approximately 105% (excluding dividends, fees and charges).
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WOW WOOLWORTHS GROUP LIMITED
Food, Beverages & Tobacco – Overnight Price: $35.82
Jarden rates ((WOW)) as Overweight (2) –
Jarden favours structural growers in Australian retail with market share opportunities, including the category of Defensive growth incorporating Woolworths Group, Coles Group and Sigma Healthcare ((SIG)).
It’s noted AI and Agentic commerce are driving a strategic shift in company strategies, with respect to productivity, data and transactions.
Sigma is also mentioned under Structural Growers, along with Temple & Webter ((TPW)) for its online qualities and consolidation prospects for Flight Centre Travel ((FLT)).
Tech and AI supercycle exposures like Harvey Norman ((HVN) and JB Hi-Fi ((JBH)) are also recommended.
The broker’s Market Share Winners include Temple & Webster, Beacon Lighting ((BLX)), JB Hi-Fi, Sigma (again) and Helloworld Travel ((HLO)).
As consumption structurally declines while store growth outpaces demand, quick service restaurants (QSR) and liquor appear most challenged, in the analysts’ view.
These exposures include Endeavour Group ((EDV)), Treasury Wine Estates ((TWE)), Domino’s Pizza Enterprises ((DMP)), Guzman y Gomez ((GYG)) and Collins Foods ((CKF)).
Woolworths’ Overweight rating and $35.30 target are maintained.
This report was published on March 10, 2026.
Target price is $35.30 Current Price is $35.82 Difference: minus $0.52 (current price is over target).
If WOW meets the Jarden target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $36.26, suggesting upside of 1.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 92.00 cents and EPS of 131.90 cents.
At the last closing share price the estimated dividend yield is 2.57%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.16.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 129.5, implying annual growth of 64.2%.
Current consensus DPS estimate is 97.5, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 27.5.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 103.00 cents and EPS of 146.70 cents.
At the last closing share price the estimated dividend yield is 2.88%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 145.7, implying annual growth of 12.5%.
Current consensus DPS estimate is 108.7, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 24.4.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
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