First NZ lifts NZX target price after AGM, waiting for outcome of strategy review

Sun, 02 Jul 2017

By Rebecca Howard July 3 (BusinessDesk) - First NZ Capital nudged up its 12-month target price on NZX on a small upgrade to its earnings forecasts after last week's annual meeting and is closely watching for the outcome of the stock exchange operator's review of its businesses. On Friday, NZX affirmed 2017 guidance for earnings before interest, tax, depreciation and amortisation (ebitda) of $27 million-to-$30 million after ebitda jumped 30 percent in the first five months of the year. Wellington-based NZX noted if the current relatively...

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