Analysts sharpen their Heartland target prices

Analysts sharpen their Heartland target prices
Jarden's Grant Lowe said Heartland should have lower bad loans. (Image: Jarden)
Jenny Ruth
Heartland Group produced one of the better results for the reporting season just gone and analysts have been sharpening their 12-month target prices for the bank-owning finance group.Forsyth Barr analyst Aaron Ibbotson upped his target price to $2 from $1.91 but kept its investment recommendation at “neutral” while Jarden’s Grant Lowe was more upbeat with a $2.27 target, up from $2.09, and an “overweight” recommendation.Heartland shares were trading at $1.81 when the analysts published their reports and have since...

More Finance

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025
Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025