16 May 2018

Weekly Insights From The FNArena News Desk 14/05/18

The easiest way to judge how companies are performing in Australia is by comparing stockbroker price targets before and after the release of financial results. It’s a pretty straightforward measure and cuts out all the noise about one-offs and taxes, currencies and good/bad management and execution.

Cloud accountancy software provider Xero released its FY18 financial report on Friday. Price targets went up. Property listings platform REA Group updated on the March quarter. Price targets went up. The same happened for News Corp, though that was largely REA-inspired. After Macquarie Group released their financial report on the Friday prior, price targets jumped.

Click to read the Full Report

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