Inactive Instrument

INVOCARE

Equities

IVC

AU000000IVC8

Morgan Stanley : rates IVC as Equal-weight

November 20, 2020 at 07:01 am IST

InvoCare announced Olivier Chretien will take on the position of CEO and MD in January.

Morgan Stanley thinks this may surprise the market given the promotion of Damien MacRae to Deputy CEO in June 2020, but investors may welcome a fresh perspective to the company's performance.

Equal-weight rating. Target is $10.30. In-Line industry view.

Sector: Consumer Services.

Target price is $10.30.Current Price is $11.59. Difference: ($1.29) - (brackets indicate current price is over target). If IVC meets the Morgan Stanley target it will return approximately -13% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Latest news about INVOCARE

InvoCare Limited Announces Board Changes	24/11	CI
InvoCare Limited(ASX:IVC) dropped from S&P Global BMI Index	06/11	CI
InvoCare Limited(ASX:IVC) dropped from S&P/ASX 200 Consumer Discretionary Sector Index	06/11	CI
InvoCare Limited(ASX:IVC) dropped from S&P/ASX All Ordinaries Index	06/11	CI
InvoCare Limited(ASX:IVC) dropped from S&P/ASX 300 Index	06/11	CI
InvoCare Limited(ASX:IVC) dropped from S&P/ASX 200 Index	06/11	CI
InvoCare Limited(ASX:IVC) dropped from S&P/ASX Small Ordinaries Index	06/11	CI
TPG Global, LLC completed the acquisition of the remaining 82.8% stake in InvoCare Limited (ASX : IVC).	03/11	CI
InvoCare Limited Announces Fully Franked Special Dividend, Payable on 16 November 2023	31/23/31	CI
Transcript : InvoCare Limited - Shareholder/Analyst Call	31/23/31
Service Corporation International : Beats the SP500 to the punch	21/23/21
Invocare's Net Profit Falls in H1	28/23/28	MT
Transcript : InvoCare Limited, H1 2023 Earnings Call, Aug 28, 2023	28/23/28
InvoCare Limited Not to Pay Interim Dividend for the Half Year Ended 30 June 2023	28/23/28	CI
InvoCare Limited Reports Earnings Results for the Half Year Ended June 30, 2023	28/23/28	CI
Australia's InvoCare backs revised $1.2 bln buyout offer from TPG	09/23/09	RE
TPG Global lowers buyout bid for Australia's Invocare to about $1.2 bln	09/23/09	RE
TPG Reportedly Seeks to Buy Invocare At Lower Price	08/23/08	CI
InvoCare Limited Completed the acquisition of remaining 17% stake in Lake Macquarie Memorial Park.	04/23/04	CI
InvoCare Extends TPG Capital Global's Exclusivity Period	12/23/12	MT
InvoCare Extends TPG Capital Global's Due Diligence Period	04/23/04	MT
InvoCare Limited completed the acquisition of Pets at Peace Illawarra Pet Cremation.	30/23/30	CI
InvoCare Extends TPG Global's Due Diligence, Exclusivity Period	19/23/19	MT
Transcript : InvoCare Limited - Shareholder/Analyst Call	26/23/26
InvoCare Limited agreed to acquire remaining 17% stake in Lake Macquarie Memorial Park.	26/23/26	CI

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Company Profile

InvoCare Limited is an Australia-based company that provides funeral services. The Company operates private memorial parks and crematoria in Australia and New Zealand. It also provides pet cremation services in Australia. The Company operates approximately 324 funeral locations, 15 cemeteries and 20 crematoria in Australia, New Zealand and Singapore. Its national funeral brands in Australia include White Lady Funerals, Simplicity Funerals and Value Cremations. Its brands in New Zealand includes Beth Shan Funerals, Lychgate Funerals and Resthaven Funerals. Its brands in Singapore include Singapore Casket Company and Simplicity Casket. It owns and operates pet cremation businesses in New South Wales through Patch & Purr, Queensland through Pets in Peace, Victoria and South Australia through Family Pet Care and the Lawnswood and Edenhills brands. The Company provides related service offerings through its websites www.MyGriefAssist.com, www.MyMemorial.com, and www.FuneralPlanner.com.

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