Friday, September 9, 2016 - 08:52 UBS believes the market is...

Friday, September 9, 2016 - 08:52

UBS believes the market is implying in pricing the stock that the structural growth story is broken yet envisages a few reasons for earnings growth to return in the first half.

The company will cycle a period where only four new digital boards were constructed and additional earnings should be forthcoming from the Metrospace and iOM acquisitions.

UBS still finds room for the outdoor segment to grow its share of Australian media advertising spending, particularly against a backdrop of free-to-air TV audience declines. Rating is upgraded to Buy from Neutral and $5.50 target is maintained.

Target price is $5.50 Current Price is $4.90 Difference: $0.6
If APO meets the UBS target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $6.17, suggesting upside of 22.0%(ex-dividends)
The company's fiscal year ends in December.