Macquarie Group Shows Possible Upside Potential
Macquarie Group (ASX: MQG) got a buy recommendation at Bell Potter for a target of $29.07 (16% upside potential ). MQG previously generated a technical buy signal at $24.06 on 7/10/11. According to the technical indicators MQG has completed a further upward reversal / closed above key resistance thereby generating a new technical buy signal.
Macquarie Group (ASX: MQG) shares are trading currently at $25.41 up $0.41 or +1.64%. Macquarie Group market cap is $8.69 Billion and it has a current dividend yield 6.62%. Chart
Source: ASX, Reuters, Bell Potter