MEZ Shares Meridian Energy Limited
ASX · ASXLast in our picks 2026-10-20 — not in the current list; analysis below is from that screen
Attractive earnings recovery potential supported by depressed valuation and improving operating discipline.
Signal breakdown
- ▸Analyst target implies 44.7% upside.
- ▸Above 50-day MA (+0.71%)
Is MEZ a buy right now?
Trend: MEZ is trading above the 50-day average (+1.35%), RSI 41 — neutral momentum, with a 3-month return of -1.75%.
Valuation & quality: Meridian Energy Limited trades on a trailing P/E of 112.5, forward P/E 42.7, PEG 0.79, price-to-book 1.48; fundamentals show net margin 3.3%, return on equity 1.4%, revenue growth -27.3% year on year.
Analyst consensus: 1 analysts have a mean 12-month price target of A$4.66 (+3.6% vs the last close; range A$4.66 – A$4.66), consensus rating “none”.
Income: trailing dividend yield 3.91%.
Our screen: BUY (score 3) — Attractive earnings recovery potential supported by depressed valuation and improving operating discipline.
Computed from end-of-day data; not personal advice.
12-month price chart
Monthly returns
| Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 | Oct 26 |
|---|---|---|---|---|---|---|---|
| -1.10% | -0.40% | +4.60% | +0.20% | -4.40% | -1.70% | -2.70% | +2.50% |
Fundamentals
Analyst price target
Technical signals
About Meridian Energy Limited
Meridian Energy Limited engages in the renewable electricity generation and retail business to residential, business, and industrial customers in New Zealand. The company generates electricity through 7 hydro power stations; 8 wind farms; and 100MW battery energy storage system, as well as solar array.
Sector: Utilities · Industry: Utilities - Renewable · New Zealand · Website
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Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.