The broker expects electric vehicle (EV) policy will drive incremental demand in the corporate segment and a higher short-term lease yield. EVs were more than 20% of quotes and orders in the quarter, up from negligible levels in the previous corresponding period.
While Smartgroup Corp's price earnings multiple has risen, Morgans feels it is not stretched and retains an Add rating. The target rises to $7.50 from
Sector: Commercial & Professional Services.
Target price is
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