As written in the ConSec Research Insight dated 30 July 2009
UGL is now trading close to our DCF valuation of $12.24, having increased 43% since the 1H09 result. With UGL continuing to perform well on contract wins and renewals, our recommendation remains ACCUMULATE / MARKET PERFORM. We have upgraded our 12-month price target to equal our valuation of $12.24 (was $10.45).
Should be in for a nice ride.
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