---
title: "NRW Holdings Limited (3NR) Receives a Buy from MA Financial Group"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296671157.md"
description: "MA Financial Group analyst Matthew Chen maintained a Buy rating on NRW Holdings Limited (3NR) with an A$8.54 price target, noting the stock closed at A$7.59. Chen is a top-rated analyst covering Industrials. Additionally, Morgans' Nicholas Rawlinson issued a Buy rating for NRW Holdings yesterday, while Jefferies previously maintained a Hold rating on August 11."
datetime: "2026-08-22T05:45:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296671157.md)
  - [en](https://longbridge.com/en/news/296671157.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296671157.md)
generator: "portal-rs"
---

# NRW Holdings Limited (3NR) Receives a Buy from MA Financial Group

MA Financial Group analyst Matthew Chen CFA maintained a Buy rating on NRW Holdings Limited on August 20 and set a price target of A$8.54. The company’s shares closed yesterday at A$7.59.

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According to TipRanks, Chen CFA is a 5-star analyst with an average return of 36.0% and a 67.59% success rate. Chen CFA covers the Industrials sector, focusing on stocks such as Southern Cross Electrical Engineering Limited, Shape Australia Corporation Limited, and SRG Global Limited.

In addition to MA Financial Group, NRW Holdings Limited also received a Buy from Morgans’s Nicholas Rawlinson in a report issued yesterday. However, on August 11, Jefferies maintained a Hold rating on NRW Holdings Limited (Frankfurt: 3NR).

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- [NRW Holdings Limited (3NR) was downgraded to a Hold Rating at Ord Minnett](https://longbridge.com/en/news/296727007.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**