Morgans assesses a "solid" 1H result for Jumbo Interactive, highlighting strong cash generation and top line growth from a fast growing active customers base.

Total transaction value (TTV) increased by 16%, aidedby a particularly strong jackpotting sequence in December, explains the analyst. The interim dividend grew by 17% to 27cps.

The target for Jumbo Interactive rises to $18.70 from $16.00 as the broker increases its large jackpot assumptions to 48 from 44 in FY24, while EPS estimates rise due to improved operating efficiency.  Add.

Sector: Consumer Services.

Target price is $18.70.Current Price is $17.81. Difference: $0.89 - (brackets indicate current price is over target). If JIN meets the Morgans target it will return approximately 5% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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