Its excluding dividend, another rating before 17 was,
Citi 16/12/2010 5 Sell, High Risk $1.12 - 33.7%
Despite the positive capital management surprise delivered by CSR yesterday, analysts at Citi cannot get too excited given they continue to see a lousy outlook for residential and commercial construction markets in Australia.
Price target cut to $1.12 from $1.65. Rating remains Sell. Current forecasts anticipate no growth in FY11 (in fact it's negative) and no growth in FY12 either.
Target price is $1.12 Current Price is $1.70 Difference: minus $0.58 (current price is over target).
If CSR meets the Citi target it will return approximately minus 34% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Somehow it depends what will happen with rest of money.
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