First half results were ahead of Morgan Stanley's estimates. The broker considers the trading performance resilient with cash conversion firm.
The merger with Zebraworks is considered a catalyst for earnings and risk mitigation. Equal-weight rating and In-Line sector view retained. Target is $0.76.
Sector: Software & Services.
Target price is $0.76.Current Price is $0.78. Difference: ($0.02) - (brackets indicate current price is over target). If RKN meets the Morgan Stanley target it will return approximately -3% (excluding dividends, fees and charges - negative figures indicate an expected loss).
© 2020 Acquisdata Pty Ltd., source FN Arena