Risk factor
Modest price volatility
Profitability factor
Strong growth
About
Perenti Limited operates as a mining services company worldwide. The company operates through Contract Mining, Drilling Services, and Mining and Technology Services segments. It offers underground and surface contract mining, exploration drilling, earthmoving, and machinery rebuilds services; and drilling services including specialized deep hole multi-intersectional directional diamond core drilling, underground diamond core drilling, drilling and blasting, and in-pit grade control services. The company also provides mining support services, such as equipment hire, equipment parts and sales, equipment supply, logistics services, and technology driven products and services. In addition, it engages in parts manufacturing. The company was formerly known as Perenti Global Limited and changed its name to Perenti Limited in October 2022. Perenti Limited was incorporated in 1986 and is headquartered in Northbridge, Australia.
Company Valuation
From both historical and forecast perspectives, the stock is moderately underpriced compared to similar stocks. In particular, the stock is reasonably priced on P/E, 'che
Target Price
The average target price of PRN.AX is 2.70 and suggests 10.2% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendat