Deutsche Bank rates LYC as Sell (5) -
Lynas has indicated that supply-side discipline in China has supported prices but Deutsche Bank is cautious about the ramp-up potential in a volume-sensitive market. The broker believes the cash balance will continue to fall and debt refinancing will be required.
The 30c price target and Sell recommendation are retained.
Target price is $0.30 Current Price is $0.43 Difference: minus $0.125 (current price is over target).
If LYC meets the Deutsche Bank target it will return approximately minus 29% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June. Deutsche Bank forecasts a full year FY13 dividend of 0.00 cents and EPS of minus 0.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 106.25.
Deutsche Bank rates LYC as Sell (5) -Lynas has indicated that...
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Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B | |||
| Open | High | Low | Value | Volume |
| $7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10000 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 6808 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |