A couple of broker ratings came out this morning on Australian Broker Call on FN Arena http://www.fnarena.com/index4.cfm?type=dsp_webht reflect a negative view of SUN.
Due to copyright I cant reproduce the broker ratings in full here. Summarising, one Merrill Lynch broker rated SUN as Neutral, Medium Risk with a target price $11.50. UBS rated SUN as Sell. They think SUN is trying to drum up discussion in the media to push up its sale price. Target price is $10.00.
If the wealth and banking arm goes for more than 8bn (see my previous post) then the stock is worth substantially more than $10, and its a good buying now
price weak despite takeoever talk, page-2
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Last
$17.41 |
Change
0.610(3.63%) |
Mkt cap ! $22.15B | |||
| Open | High | Low | Value | Volume |
| $17.20 | $17.73 | $17.19 | $91.07M | 5.229M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1436 | $17.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.41 | 10246 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SUN (ASX) Chart |