Their previous price target was $0.68 so they have been bullish on RSG for while. This was based on RSG's cheap valuation compared to the average for the industry (so according to GS very oversold) and its free cash flow yield.
From Page 1
"We revise down our 12-month TP by -8% to A$0.60/sh after trimming our CY22
forecasts, but maintain our Buy rating on the compelling valuation, trading at
0.59xNAV vs. sector at 0.75x, and just 2.2x NTM EBITDA (vs. sector at 4.5x) despite
a >10yr average mine life from two key assets. RSG has the best FCF in our
coverage on a 12-mth view (30%/18% 2022E/2023E FCF yield)."
Their previous price target was $0.68 so they have been bullish...
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Last
70.5¢ |
Change
-0.005(0.70%) |
Mkt cap ! $1.500B | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 71.0¢ | 69.0¢ | $9.005M | 12.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 151500 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.5¢ | 99995 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RSG (ASX) Chart |