snip from BP
"Investment view: Downgrade from HOLD to SELL
At our updated PT of $8.00 the total expected return (which includes the forecast dividend yield) is -9% which is below the required -5% or higher for a HOLD recommendation and so we downgrade to SELL. We note the SELL is based on valuation only and we continue to be positive on the outlook for the company over the short to medium term but on an FY18 PE ratio of c.57x we believe this positive outlook is already well and truly factored into the share price. In our view the key risk to our SELL recommendation is we cannot see any potential negative catalysts to de-rate the stock but we cannot ignore the premium of the share price to our valuation. "
Bell Potter cuts WTC to sell, page-4
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WTC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$127.09 |
Change
2.220(1.78%) |
Mkt cap ! $42.50B | |||
| Open | High | Low | Value | Volume |
| $126.09 | $127.78 | $125.58 | $50.50M | 397.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $127.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.48 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WTC (ASX) Chart |