ASX Limited (ASX) Shares Recommendation

ASX Limited (ASX) have a retained Buy shares recommendation and a share price target of $41.88 (target price rising by 12 percent) from stock analyst Citigroup Investment Research (CIR). CIR have derived an option value of $3.44 per share from 3 key swing factors: (i) ASX cost cutting; (ii) SFE merger synergies; and (iii) future price rises. With 1H07 volume growth tracking ahead of CIR's FY07e assumptions for equities and futures, CIR have raised their FY07e volume growth forecasts to +21% for equities (YTD +28%) and +19% for futures (YTD +22%). This implies 2H07e volume growth of 15% for both equities and futures. The combination of a softer SFE fee adjustment than expected and an upgrade to CIR's volume forecasts has resulted in mild EPS downgrades of -0.5% in FY07e, -2.2% in FY08e and -0.6% in FY09e.

ASX Limited is listed on the Australian Stock Exchange (ASX) under stock code ASX. You can view their investor website here. ASX LTD was listed on 14 October, 1998. Robert George Elstone is the CEO of ASX and Maurice Newman the Chairman. The company is the economic entity provides stock exchange and ancillary services in Australia. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. You can use Instalment Warrants to trade ASX. Check your charts and good luck with your share trading!