LNG

Euroz pumps up Forge

CONTRACTOR Forge Group's diversification into LNG project construction, along with lucrative contracts building gas-fired power stations for Rio Tinto, should help increase its share price by 60% within a year, an analyst says.

Noel Dyson

Euroz Securities analyst Richard Hamersley says Forge is trading on cheap multiples and, while its share price has come under pressure from the "more subdued" outlook for iron ore construction projects,...

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