RBS Australia rates NHC as Downgrade to Hold from Buy 18/08/2009 04:02PM NHC - New Hope Corp Ltd Target $5.00 (was $4.30). The group's production result was solid but recent share price gains see the broker downgrade to a Hold on valuation grounds.
Some changes to forecasts see the broker make an adjustment to its price target on the stock.
Target price is $5.00. Current Price is $5.30. Difference: ($0.30) - (brackets indicate current price is over target). If NHC meets the RBS Australia target it will return approximately - 6% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June.
RBS Australia forecasts a full year FY09 dividend of 91.80 cents and EPS of 34.70 cents. At the last closing share price the estimated dividend yield is 17.32%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.27.
Market Sentiment: 0.0
NHC Price at posting:
$5.19 Sentiment: Buy Disclosure: Held
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