I see UBS has been neutral on WES for some time, with a 12m price target A$30.30/US$30.29.
Their reasons include:
�� $80-100m 1H11 wet weather EBIT impact the key focus?
�� UBS d/grade FY11 EPS by c2.6% on higher Curragh cash costs?
�� Maintain Neutral - Expensive but momentum continues to build?
�� Valuation reduced to $30.30 (was $31.00)
I know WES is the largest conglomerate operating in Australia and NZ, but I see commentry that christmas sales will be impacted by the last interest rate rise and its mining interests have heen recentry been adversly affected.
The Chart is not looking strong (sliding sideways with less momentum) at the moment so it developing into a short rather than a long IMO (particularly if the current market weakness strengthens). Watching for a breakout on good volume and then the support at $31....
I see UBS has been neutral on WES for some time, with a 12m...
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Last
$70.13 |
Change
-1.260(1.76%) |
Mkt cap ! $79.53B | |||
| Open | High | Low | Value | Volume |
| $70.60 | $71.18 | $69.75 | $105.5M | 1.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2819 | $70.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.15 | 5109 | 2 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| WES (ASX) Chart |