Action and recommendation
Upgrade to Outperform.
CGF is currently trading on ~15x,
which is at a 17% discount to all industrials (ex banks),
broadly in-line with the long-term average, but well below the average ~2% premium it traded at in 2017.
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CGF
challenger limited
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0.57%
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$10.56
CGF The Current Macquarie View
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