Macquarie Shares Lose $5B in Market Value as Upside Shrinks
Macquarie Group Limited’s shares slid 5.14% to A$248.43, erasing about A$4.96 billion in market capitalisation last week and leaving little valuation buffer. Thirteen analysts imply only 2.98% upside, with an average target of A$255.84, despite a consensus ‘buy’. Citi’s target of A$240 sits 3.4% below Friday’s close as bond yields and inflation worries pressured the sector.