–
Potential Buy Entry Alert to Watch MGR
Time Frame : Daily/Weekly
Sector : Real Estate
Key Stats : $12.2 Billion Market Cap, VWAP 3.097, ASX Ranking 39, 4 Week Av Turnover $39,640,015, Current Turnover (Intraday as at time of alert) $14,101,750, PE 11.2, Div Yield 3.74%.
Company Overview : Mirvac Group (MGR) is involved in the Australian development and construction industry. It has a stapled security structure, comprising Mirvac Property Trust (MPT) and Mirvac Limited. They create, own and manage a diverse portfolio of assets across the office, retail, industrial and residential sectors.
Broker Consensus : SELL/HOLD
–
MGR – Mirvac Group
MGR is holding up nicely as buyers have some big support in the way of the RBA and interest rate cuts. The prospect of lower rates and easier money should keep the ball rolling. The longer term weekly chart is in a prime position to continue its move higher so we are now watching the daily for a higher low to work an entry from.
–
Stock Code : MGR – Mirvac Group
Company Website : www.mirvac.com
Current Price : 3.14
Status : On watch for potential higher low and push up through 3.40
