deutsche bank etr stock a buy

Deutsche Bank rates the stock as Buy - Don''t sell out to ANZ just yet, the broker says. The ANZ bid is "opportunistic" and undervalues ETR''s strong distribution platform, equity market volumes and super inflows.
Target rises from $3.70 to $4.44.

Sector: Diversified Financials.

Target price is $4.44 Current Price is $4.15 Difference:$0.29 - (brackets indicate current price is over target). If ETR meets the Deutsche Bank target it will return approximately 7% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company''s fiscal year ends in June. Deutsche Bank forecasts a full year FY07 dividend of 5.00 cents and EPS of 28.00 cents . At the last closing share price the estimated dividend yield is 1.20%. At the last closing share price the stock''s estimated Price to Earnings Ratio (PER) is 14.82.