Depends on the spin you put on it I suppose.
I prefer to say 3 buys at an average target price of $6.81 or @ $5.36 a return of 27% PLUS a 10 cent divi
Three holds with an average target price of $5.95 or a return of 11% PLUS a 10 cent divi.
I think they move into buy territory when the price falls 15 % or more below the target price.
JP Morgan may up grade it's recommendation to BUY should the price drop to $5.30
So you have 3 buys, 3 holds and ONE little old sell at $5.13
Like I say it is all a matter of how you percieve reality.
The facts are below...............
BUYS
v
v
v
UBS 20-Feb-07 1 Buy 2 $7.50
Credit Suisse 21-Feb-07 1 Outperform $6.60
Deutsche Bank 20-Feb-07 1 Buy $6.33
HOLDS
v
v
v
ABN Amro 20-Feb-07 3 Downgrade to Hold from Buy $5.80
Macquarie 20-Feb-07 3 Downgrade to Neutral from Outperform $5.96
JP Morgan 20-Feb-07 3 Neutral $6.10
SELLS
v
v
v
SB Citigroup 20-Feb-07 5 Sell, High Risk $5.13
COA
coates hire limited
what the brokers are saying, page-7
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