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    MEL   NZMELE0002S7

MERIDIAN ENERGY LIMITED

(MEL)
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Meridian Energy : New Zealand shares rise, with power companies top gainers

06/13/2021 | 06:59pm EDT

June 14 (Reuters) - New Zealand shares rose on Monday as heavyweight electricity companies clocked strong gains, with investors awaiting the Federal Reserve meeting due later in the week for clues on U.S. monetary policy.

The NZX 50 index rose 0.2% to 12,573.4 points in thin trade, with about 1 million shares changing hands compared with the 30-day average of 32 million, as Australian markets were closed for the Queen's Birthday holiday.

Energy retailer Mercury NZ Ltd led gains on the , up 1.7% to eye its biggest one-day jump in nearly two weeks, while peer Meridian Energy Ltd climbed 0.8% after posting a 23.4% rise in its May New Zealand retail sales volumes. (Reporting by Yamini C S in Bengaluru; Editing by Peter Cooney)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MERCURY NZ LIMITED -0.77% 6.45 End-of-day quote.-1.23%
MERIDIAN ENERGY LIMITED 0.00% 5.2 End-of-day quote.-29.92%
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08/24Meridian Energy Limited Declares Final Ordinary Dividend, Payable on October 15, 2021
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More news
Financials
Sales 2021 4 252 M 3 004 M 3 004 M
Net income 2021 252 M 178 M 178 M
Net Debt 2021 1 481 M 1 046 M 1 046 M
P/E ratio 2021 52,2x
Yield 2021 3,27%
Capitalization 13 323 M 9 426 M 9 412 M
EV / Sales 2021 3,48x
EV / Sales 2022 4,13x
Nbr of Employees 1 015
Free-Float 48,9%
Chart MERIDIAN ENERGY LIMITED
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Meridian Energy Limited Technical Analysis Chart | MEL | NZMELE0002S7 | MarketScreener
Technical analysis trends MERIDIAN ENERGY LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Last Close Price 5,20 NZD
Average target price 5,46 NZD
Spread / Average Target 4,96%
EPS Revisions
Managers and Directors
Neal Anthony Barclay Chief Executive Officer
Michael John Roan Chief Financial Officer
Mark John Verbiest Chairman
Peter David Wilson Deputy Chairman
Anake Angus Murray Goodall Independent Non-Executive Director