An AGM update by Smartgroup Corp revealed revenue and earnings (EBITDA) for April year-to-date were in-line with management's expectations and the previous corresponding period.

First half profit (NPATA) is tracking close to $36m, which includes a $2m backlog, explains the analyst. The Equal-weight rating and $8.10 target are maintained. Industry view: In Line.

Sector: Commercial & Professional Services.

Target price is $8.10.Current Price is $8.43. Difference: ($0.33) - (brackets indicate current price is over target). If SIQ meets the Morgan Stanley target it will return approximately -4% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena