jp morgan positive news but still neutral

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JP Morgan rates BJT as Neutral - The group has separated from Babcock & Brown and the broker sees this as a positive with respect to future negotiations while keeping current management in place.
On the news there is no change to the broker's Neutral rating.


Target price is $0.31 Current Price is $0.28 Difference:$0.03 - (brackets indicate current price is over target). If BJT meets the JP Morgan target it will return approximately 9% (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 7.00 cents and EPS of 14.50 cents. At the last closing share price the estimated dividend yield is 24.56%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 1.97.