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CER - CENTRO RETAIL GROUP
JP Morgan rates CER as Overweight - The company has finalised a previously announced debt stabilisation plan and this supports the broker's view the company is currently trading at a significant discount to its valuation.
As a result there is no change to the broker's Overweight rating post the news.

Target price is $0.25 Current Price is $0.10 Difference:$0.15 - (brackets indicate current price is over target). If CER meets the JP Morgan target it will return approximately 158% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in June. JP Morgan forecasts a full year FY09 dividend of 0.00 cents and EPS of 12.80 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 0.76.

Market Sentiment: 0.5