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    MEL   NZMELE0002S7

MERIDIAN ENERGY LIMITED

(MEL)
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Meridian Energy : New Zealand shares rise, with power companies top gainers

06/13/2021 | 06:59pm EDT

June 14 (Reuters) - New Zealand shares rose on Monday as heavyweight electricity companies clocked strong gains, with investors awaiting the Federal Reserve meeting due later in the week for clues on U.S. monetary policy.

The NZX 50 index rose 0.2% to 12,573.4 points in thin trade, with about 1 million shares changing hands compared with the 30-day average of 32 million, as Australian markets were closed for the Queen's Birthday holiday.

Energy retailer Mercury NZ Ltd led gains on the , up 1.7% to eye its biggest one-day jump in nearly two weeks, while peer Meridian Energy Ltd climbed 0.8% after posting a 23.4% rise in its May New Zealand retail sales volumes. (Reporting by Yamini C S in Bengaluru; Editing by Peter Cooney)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MERCURY NZ LIMITED 1.61% 6.95 End-of-day quote.6.43%
MERIDIAN ENERGY LIMITED 0.95% 5.32 End-of-day quote.-28.30%
All news about MERIDIAN ENERGY LIMITED
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07/18Meridian Energy Limited Announces Board Changes
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07/01MERIDIAN ENERGY : S&P Affirms Meridian Energy's Corporate Credit Rating at BBB+
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06/15Australian shares edge up on energy, banking gains; Fed meeting eyed
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06/14Meridian Energy Limited Reports Operating Results for the Month and Year to D..
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06/13MERIDIAN ENERGY : Monthly National Hydro Storage Rises to 70% of Historial Avera..
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06/13MERIDIAN ENERGY : New Zealand shares rise, with power companies top gainers
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06/07Meridian Energy Looks to Sell Australia Electricity Business
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05/31MERIDIAN ENERGY : New Zealand Aluminium Smelters Extends Suspension of Potline 4..
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More news
Financials
Sales 2021 4 252 M 2 997 M 2 997 M
Net income 2021 252 M 178 M 178 M
Net Debt 2021 1 481 M 1 044 M 1 044 M
P/E ratio 2021 53,4x
Yield 2021 3,19%
Capitalization 13 630 M 9 596 M 9 608 M
EV / Sales 2021 3,55x
EV / Sales 2022 4,46x
Nbr of Employees 1 031
Free-Float 48,9%
Chart MERIDIAN ENERGY LIMITED
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Meridian Energy Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends MERIDIAN ENERGY LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 5,32 NZD
Average target price 5,21 NZD
Spread / Average Target -2,01%
EPS Revisions
Managers and Directors
Neal Anthony Barclay Chief Executive Officer
Michael John Roan Chief Financial Officer
Mark John Verbiest Chairman
Peter David Wilson Deputy Chairman
Anake Angus Murray Goodall Independent Non-Executive Director