Ord Minnett slapped a Buy on the stock on Oct 21 with a price target of $20.20. Current Broker consensus $14.40 according to FN Arena.
"Ord Minnett has been disappointed with the underperforming share price since upgrading to Buy on October 17. Because of the significant changes taking place, the broker suggests the current weakness is likely to be noise.
Ord Minnett reiterates the view that the stock is a serious buying opportunity, forecasting operating earnings (EBITDA) to grow at a compound 13.7% per annum over the next decade. Target is raised to $20.20 from $16.77 and a "Strong Buy" rating is reiterated".
WEB Price at posting:
$10.60 Sentiment: Buy Disclosure: Held
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