Daily Market Reports | Mar 30 2026
This story features AMPLITUDE ENERGY LIMITED, and other companies.
For more info SHARE ANALYSIS: AEL
The company is included in ASX300 and ALL-ORDS
An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.
By Rudi Filapek-Vandyck
In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.
One key difference is the *Extra* Edition will not be updated daily, but merely “regularly” depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.
Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena’s team of journalists.
Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report.
The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision.
The copyright of this Report is owned by the publisher. Readers will not copy, forward or disseminate this Report to any other person. For more vital information about the sources included, see the bottom of this Report.
COMPANIES DISCUSSED IN THIS ISSUE
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The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
AEL ASX BRE BUB FCL GGP IFT MAF RFG SGM WBC
AEL AMPLITUDE ENERGY LIMITED
Crude Oil – Overnight Price: $1.59
Canaccord Genuity rates ((AEL)) as Speculative Buy (1) –
Canaccord Genuity maintains a Speculative Buy rating for Amplitude Energy following an FY25 result that slightly exceeded expectations, driven by higher production at Two Wells.
The broker notes the company is well-funded for its upcoming Cooper Basin drilling program, which serves as the primary near-term catalyst. The price target is held at $1.15.
This report was published on March 26, 2026.
Target price is $1.15 Current Price is $1.59 Difference: minus $0.44 (current price is over target).
If AEL meets the Canaccord Genuity target it will return approximately minus 28% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $2.93, suggesting upside of 84.4%(ex-dividends)
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 2.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 66.25.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 21.3, 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 7.5.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 10.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.14.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 26.3, implying annual growth of 23.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 6.0.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ASX ASX LIMITED
Wealth Management & Investments – Overnight Price: $50.60
Jarden rates ((ASX)) as Neutral (3) –
Jarden maintains a Neutral rating on ASX Ltd with a target price of 57.15. The broker notes a dense cluster of catalysts over the next ten weeks, including the ASIC Inquiry final report and the CHESS Release 1 go-live.
While there is potential for expense growth to disappoint in FY27, this is expected to be partially offset by stronger revenue trends.
The broker also highlights longer-dated structural threats from equity tokenisation and competition following the impending Cboe Australia sale.
This report was published on March 26, 2026.
Target price is $57.15 Current Price is $50.60 Difference: $6.55
If ASX meets the Jarden target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $55.96, suggesting upside of 0.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 223.70 cents and EPS of 248.50 cents.
At the last closing share price the estimated dividend yield is 4.42%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.36.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 264.7, implying annual growth of 2.2%.
Current consensus DPS estimate is 198.6, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 231.60 cents and EPS of 257.40 cents.
At the last closing share price the estimated dividend yield is 4.58%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.66.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 269.0, implying annual growth of 1.6%.
Current consensus DPS estimate is 208.4, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BRE BRAZILIAN RARE EARTHS LIMITED
Rare Earth Minerals – Overnight Price: $4.14
Canaccord Genuity rates ((BRE)) as Speculative Buy (1) –
Canaccord Genuity maintains a Speculative Buy rating and $8.00 price target for Brazilian Rare Earths following the granting of a trial mining licence for the Monte Alto project.
The licence allows for the extraction of 2,000tpa of ultra-high-grade mineralization, which the broker identifies as a major de-risking step for the Camacari pilot plant operations.
Near-term catalysts mentioned include the maiden Mineral Resource Estimate (MRE) and a Scoping Study for integrated oxide production, alongside the potential spin-out of the Amargosa bauxite project.
This report was published on March 26, 2026.
Target price is $8.00 Current Price is $4.14 Difference: $3.86
If BRE meets the Canaccord Genuity target it will return approximately 93% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 12.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 34.50.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 42.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 9.86.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BUB BUBS AUSTRALIA LIMITED
Dairy – Overnight Price: $0.10
Shaw and Partners rates ((BUB)) as Buy, High Risk (1) –
Bubs Australia’s Strategy Day reinforced the value of a large addressable market and strong global growth trajectory, particularly in the US, Shaw and Partners reports.
US expansion is seen as a key driver, with distribution expected to double to around 10,000 stores by end-2026 and regulatory approval likely to follow.
The broker notes strong revenue momentum and improving profitability, supported by premium positioning, brand strength and a scalable, capital-light supply chain.
Execution against a clear five-year strategy underpins expansion across core and emerging markets, in the analyst’s view.
Shaw and Partners retains a Buy, High Risk rating and 18c target.
This report was published on March 27, 2026.
Target price is $0.18 Current Price is $0.10 Difference: $0.08
If BUB meets the Shaw and Partners target it will return approximately 80% (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 0.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 33.33.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 33.33.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
FCL FINEOS CORPORATION HOLDINGS PLC
Cloud services – Overnight Price: $2.34
Canaccord Genuity rates ((FCL)) as Buy (1) –
Canaccord Genuity maintains a Buy rating and 2.60 price target for Fineos Corp following 1H26 results.
The broker highlights the continued migration of Tier 1 clients to the Fineos AdminSuite cloud platform, which is driving high-margin subscription revenue.
While the company remains in a loss-making position for FY26, the broker anticipates a pivot to positive earnings in FY27 as cost-optimisation measures and scale benefits take effect.
This report was published on March 26, 2026.
Target price is $2.60 Current Price is $2.34 Difference: $0.26
If FCL meets the Canaccord Genuity target it will return approximately 11% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 3.68 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 63.55.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 4.21 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 55.61.
This company reports in EUR. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GGP GREATLAND RESOURCES LIMITED
Gold & Silver – Overnight Price: $9.76
Jarden rates ((GGP)) as Underweight (4) –
Jarden maintains an Underweight rating on Greatland Resources, but has increased its price target to 6.40 following a re-assessment of the O’Callaghans tungsten deposit.
The broker has incorporated an initial valuation of approximately $667m for the asset, noting Chinese export controls have driven tungsten prices significantly higher.
While the O’Callaghans deposit represents a globally significant resource, with substantial valuation sensitivity to commodity prices, the broker retains an Underweight stance based on valuation.
Operating forecasts for Telfer have also been adjusted to reflect higher strip ratios and revised production timing.
This report was published on March 27, 2026.
Target price is $6.40 Current Price is $9.76 Difference: minus $3.36 (current price is over target).
If GGP meets the Jarden target it will return approximately minus 34% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $15.67, suggesting upside of 60.5%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 112.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.71.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 100.7, implying annual growth of 58.4%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 9.7.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 61.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.79.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 64.2, implying annual growth of -36.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 15.2.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IFT INFRATIL LIMITED
Wealth Management & Investments – Overnight Price: $9.81
Jarden rates ((IFT)) as Buy (1) –
Jarden maintains a Buy rating on Infratil and has lowered its price target to NZ$14.56 following the company’s Investor Day.
The target revision is primarily driven by currency movements and updated capital expenditure programs.
The broker highlights strong momentum at CDC Data Centres, which has upgraded its FY27 EBITDA guidance due to increased visibility on contracted capacity.
While FY26 guidance for CDC is at the lower end of the range due to contract timing, commentary suggests the long-term demand outlook remains robust, supported by global hyperscaler investment and significant capacity expansion opportunities through 2030.
This report was published on March 26, 2026.
Current Price is $9.81. Target price not assessed.
Current consensus price target is $11.82, suggesting upside of 20.5%(ex-dividends)
The company’s fiscal year ends in March.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 19.64 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 49.94.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 25.2, implying annual growth of N/A.
Current consensus DPS estimate is 18.4, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 38.9.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.87 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 525.44.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 9.0, implying annual growth of -64.3%.
Current consensus DPS estimate is 18.7, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 109.0.
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
MAF MA FINANCIAL GROUP LIMITED
Wealth Management & Investments – Overnight Price: $7.19
Canaccord Genuity rates ((MAF)) as Buy (1) –
Canaccord Genuity has initiated coverage on MA Financial Group with a Buy rating and a 11.30 price target.
The broker highlights the significant growth potential in the company’s diversified financial services model, particularly the rapid expansion of its residential mortgage book and asset management divisions.
While broader market volatility remains a factor for performance fees, the analyst sees the current valuation as an attractive entry point given the strong 100% year-on-year growth in the MA Money loan book and the scaling of the hospitality and credit platforms.
This report was published on March 26, 2026.
Target price is $11.30 Current Price is $7.19 Difference: $4.11
If MAF meets the Canaccord Genuity target it will return approximately 57% (excluding dividends, fees and charges).
Current consensus price target is $11.28, suggesting upside of 56.9%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 20.00 cents and EPS of 28.30 cents.
At the last closing share price the estimated dividend yield is 2.78%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.41.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 48.0, implying annual growth of 669.2%.
Current consensus DPS estimate is 27.8, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 15.0.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 24.00 cents and EPS of 36.20 cents.
At the last closing share price the estimated dividend yield is 3.34%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.86.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 58.0, implying annual growth of 20.8%.
Current consensus DPS estimate is 33.6, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 12.4.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
RFG RETAIL FOOD GROUP LIMITED
Food, Beverages & Tobacco – Overnight Price: $1.02
Shaw and Partners rates ((RFG)) as Buy (1) –
Shaw and Partners maintains a Buy rating and $2.00 price target for Retail Food Group in a late follow up to the release of 1H26 financials.
The broker is looking past a transitional FY26 toward FY27, when a decentralized operating structure and significant restructuring —expected to deliver -$5–$7m in cost savings— take full effect.
While same-store sales have shown resilience, the future valuation is tied to the successful rollout of the Firehouse Subs growth option, targeting 15 stores within three years.
This report was published on March 26, 2026.
Target price is $2.00 Current Price is $1.02 Difference: $0.98
If RFG meets the Shaw and Partners target it will return approximately 96% (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 13.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.67.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 16.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.26.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SGM SIMS LIMITED
Steel & Scrap – Overnight Price: $19.75
Jarden rates ((SGM)) as Upgrade to Overweight from Neutral (2) –
Jarden has upgraded Sims Ltd to Overweight from Neutral and increased the price target to 23.00 following the second US investor day focused on Sims Lifecycle Services (SLS).
Commentary explains the upgrade is driven by incremental disclosures pointing to further near-term earnings upside in SLS, supported by strong pricing tailwinds in repurposed DDR4 memory modules.
Management expects this demand tail to persist for three to four years.
Additionally, improved outlooks for the Metals business and a valuation trading at the lower end of historical forward multiple ranges are seen providing a favourable entry point for investors.
This report was published on March 26, 2026.
Target price is $23.00 Current Price is $19.75 Difference: $3.25
If SGM meets the Jarden target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $22.08, suggesting upside of 11.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 29.00 cents and EPS of 114.10 cents.
At the last closing share price the estimated dividend yield is 1.47%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.31.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 94.5, implying annual growth of N/A.
Current consensus DPS estimate is 36.0, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 20.9.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 38.00 cents and EPS of 148.90 cents.
At the last closing share price the estimated dividend yield is 1.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.26.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 134.0, implying annual growth of 41.8%.
Current consensus DPS estimate is 43.0, implying a prospective dividend yield of 2.2%.
Current consensus EPS estimate suggests the PER is 14.7.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WBC WESTPAC BANKING CORPORATION
Banks – Overnight Price: $40.74
Jarden rates ((WBC)) as Underweight (4) –
Jarden maintains an Underweight rating with a 32.00 price target following an update by Westpac on its Unite technology transformation project.
The broker notes while the bank is now deep into the execution phase, risks remain elevated with most benefits back-ended to FY28 and FY29.
While scope and timeline remain unchanged from the previous update, the total project cost is creeping higher toward -$3.5bn from the initial -$3bn estimate.
The analyst highlights significant AI-driven efficiencies will be required to offset inflationary pressures and deliver the promised cost reductions in the later stages of the project.
This report was published on March 26, 2026.
Target price is $32.00 Current Price is $40.74 Difference: minus $8.74 (current price is over target).
If WBC meets the Jarden target it will return approximately minus 21% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $35.50, suggesting downside of -12.9%(ex-dividends)
The company’s fiscal year ends in September.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 152.00 cents and EPS of 206.50 cents.
At the last closing share price the estimated dividend yield is 3.73%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.73.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 211.5, implying annual growth of 4.7%.
Current consensus DPS estimate is 161.4, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 19.3.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 158.00 cents and EPS of 221.30 cents.
At the last closing share price the estimated dividend yield is 3.88%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.41.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 220.7, implying annual growth of 4.3%.
Current consensus DPS estimate is 167.2, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 18.5.
Market Sentiment: -0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don’t have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide experienced, intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface.
This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.
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CHARTS
For more info SHARE ANALYSIS: AEL - AMPLITUDE ENERGY LIMITED
For more info SHARE ANALYSIS: ASX - ASX LIMITED
For more info SHARE ANALYSIS: BRE - BRAZILIAN RARE EARTHS LIMITED
For more info SHARE ANALYSIS: BUB - BUBS AUSTRALIA LIMITED
For more info SHARE ANALYSIS: FCL - FINEOS CORPORATION HOLDINGS PLC
For more info SHARE ANALYSIS: GGP - GREATLAND RESOURCES LIMITED
For more info SHARE ANALYSIS: IFT - INFRATIL LIMITED
For more info SHARE ANALYSIS: MAF - MA FINANCIAL GROUP LIMITED
For more info SHARE ANALYSIS: RFG - RETAIL FOOD GROUP LIMITED
For more info SHARE ANALYSIS: SGM - SIMS LIMITED
For more info SHARE ANALYSIS: WBC - WESTPAC BANKING CORPORATION