Does Monadelphous Group Limited Have Any Gas After Today’s Huge Increase?

 Does Monadelphous Group Limited Have Any Gas After Today's Huge Increase?

The stock of Monadelphous Group Limited (ASX:MND) is a huge mover today! The stock increased 5.87% or $0.61 on November 22, hitting $11.01. About 554,859 shares traded hands or 60.29% up from the average. Monadelphous Group Limited (ASX:MND) has risen 49.19% since April 26, 2016 and is uptrending. It has outperformed by 44.63% the S&P500.
The move comes after 6 months positive chart setup for the $1.03B company. It was reported on Nov, 22 by Barchart.com. We have $11.45 PT which if reached, will make ASX:MND worth $41.20 million more.

More notable recent Monadelphous Group Limited (ASX:MND) news were published by: Fool.com.Au which released: “Monadelphous Group Limited smashed by resources slump” on August 23, 2016, also Fool.com.Au with their article: “Here’s why Monadelphous Group Limited has been jumping around” published on March 26, 2015, Fool.com.Au published: “Monadelphous Group Limited versus Lend Lease Group: which is the better buy?” on February 17, 2016. More interesting news about Monadelphous Group Limited (ASX:MND) were released by: Fool.com.Au and their article: “Why Monadelphous Group Limited’s share price is headed lower” published on November 18, 2015 as well as Fool.com.Au‘s news article titled: “Monadelphous Group Limited’s revenues and profits crash” with publication date: February 16, 2016.

Monadelphous Group Limited is a holding company. The company has a market cap of $1.03 billion. The Company’s services include fabrication, modularization, offsite pre-assembly, procurement and installation of structural steel, tankage, mechanical and process equipment, piping, demolition and remediation works; multi-disciplined construction services; plant commissioning; electrical and instrumentation services; process and non-process maintenance services; front-end scoping, shutdown planning, management and execution; water and waste water asset construction and maintenance; irrigation services; construction of transmission pipelines and facilities; operation and maintenance of power and water assets; heavy lift and specialist transport; access solutions, and dewatering services. It has a 15.34 P/E ratio. The Firm operates in resources, energy and infrastructure industry sector.

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