Updated Broker Price Targets on WPL after Half Year Results & Investor Call

SP currently trading at a 18.9% discount on average target across 5 brokers.

Mixed opinions on the 1/2 year results. Morgans liked the recent announcement regarding the Sangomar transaction, raising their target after previously cutting post release of 1/2 year results. Conversely, JPMorgan did not. All recent (post August) targets are higher than current SP. Only target I can see below current SP is $20.00 by Morgan Stanley that was made back in mid July (yet to be updated). Stock seems to be very undervalued right now according to broker targets.

18/08/2020 10:04AM Woodside Petroleum Price Target Raised 4.7% to A$23.40/Share by Morgans
18/08/2020 10:00AM Woodside Petroleum Price Target Cut 3.1% to A$25.00/Share by JPMorgan
18/08/2020 09:57AM Woodside Petroleum Target Price Raised 3.1% to A$24.70/Share by Macquarie
14/08/2020 10:45AM Woodside Petroleum Target Price Cut 0.2% to A$25.20/Share by Credit Suisse
14/08/2020 09:34AM Woodside Petroleum Target Price Cut 9.6% to A$21.38/Share by Citi
14/08/2020 09:44AM Woodside Petroleum Target Price Cut 1.5% to A$22.35/Share by Morgans
14/08/2020 09:20AM Woodside Petroleum Target Price Raised 0.4% to A$25.80/Share by JPMorgan

AVERAGE RATING: $23.94
CURRENT SP: $20.13 (12:33 pm 18/08/2020)
SP TRADING AT 18.9% DISCOUNT