Australian Broker Call

Ord Minnett rates ASB as Accumulate (2) -

The Australian government's 12-vessel offshore patrol program, in which Austal is likely to be involved in the construction of the 10 vessels to be built in Western Australia, is estimated to have a total construction phase contract worth $1.5bn.

While the overall revenue opportunity is immaterial to near-term prospects, Ord Minnett considers the main positive from the potential contract is the underwriting of base-line construction at the WA shipyard for the next 15 years.

Given shipbuilding is a high fixed-cost business, throughput is critical. The broker suggests the current pipeline of work is worth around $3.4bn and the outlook is robust as the large commercial ferry market remains buoyant.

Accumulate rating maintained and target is $2.05.

Target price is $2.05 Current Price is $1.76 Difference: $0.29
If ASB meets the Ord Minnett target it will return approximately 16% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgan Stanley rates BBN as Overweight (1) -

Morgan Stanley notes the company is the only specialty retailer of scale in its segment that is investing for growth. While near-term risk is elevated, the broker expects market share to increase and price leadership to be maintained.

The broker believes the company will take a significant proportion of the market share from the competitors who face challenges. Overweight and $2.00 target retained. Industry view: In Line.

Target price is $2.00 Current Price is $1.35 Difference: $0.65
If BBN meets the Morgan Stanley target it will return approximately 48% (excluding dividends, fees and charges).

Current consensus price target is $1.55, suggesting upside of 14.4% (ex-dividends)

The company's fiscal year ends in July.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates BOQ as Sell (5) -

In an initial response to today's H1 results release, UBS has placed valuation, price target and forecasts under review. The interim performance was weaker than expected, missing expectations by some -4% and UBS notes the disappointment was driven by weak revenues.

The analysts believe the earnings outlook is likely to remain challenged. Lower than forecast BDD charge in the result was a positive factor. Sell rating retained.

Target price is $12.00 Current Price is $10.59 Difference: $1.41
If BOQ meets the UBS target it will return approximately 13% (excluding dividends, fees and charges).

Current consensus price target is $12.06, suggesting upside of 13.8% (ex-dividends)

The company's fiscal year ends in August.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: -0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates CIM as Outperform (1) -

First quarter net profit was up 7% and represents 22.1% of Macquarie's full year forecast. The company has reaffirmed full year profit guidance of $720-780m.

The growth rate in earnings per share of the next three years is considered attractive, coupled with options on acquisitions. Macquarie notes the share price is lagging the traditional earnings correlation post the recent pullback. Outperform maintained. Target is $51.41.

Target price is $51.41 Current Price is $43.76 Difference: $7.65
If CIM meets the Macquarie target it will return approximately 17% (excluding dividends, fees and charges).

Current consensus price target is $44.68, suggesting upside of 2.1% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: -0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates CL1 as Add (1) -

March quarter account growth was in line with expectations. The company remains on track to meet Morgans' forecasts for FY18.

Short-term regulatory and competitive pressures may have slowed the rate of growth but the company should still deliver sustainable double-digit earnings and free cash flow growth, in the broker's opinion. Add rating and $3.25 target maintained.

Target price is $3.25 Current Price is $2.15 Difference: $1.1
If CL1 meets the Morgans target it will return approximately 51% (excluding dividends, fees and charges).

Current consensus price target is $3.20, suggesting upside of 48.8% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.7

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates ECX as Buy (1) -

The market has become concerned EclipX's funding costs are on the rise as the spread on domestic to international swap rates increases. The company sources some 60% of funding on a swap rate benchmark, the broker notes.

The broker notes, nonetheless, that EclipX hedges its exposure when new business is written and matches durations. Increases in funding costs are passed on to clients despite a competitive market. The ultimate impact of a rising spread is thus not as substantial as the market is fearing, the broker implies.

Buy and $4.55 target retained.

Target price is $4.55 Current Price is $3.42 Difference: $1.13
If ECX meets the UBS target it will return approximately 33% (excluding dividends, fees and charges).

Current consensus price target is $4.65, suggesting upside of 35.8% (ex-dividends)

The company's fiscal year ends in September.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates FLN as Neutral (3) -

Some positive signs emerged for Freelancer in the first half, the broker suggests, but changes made to memberships in the second half 2017 will continue to drag into the second half 2018. Acceleration is needed in growth from here if the broker's year-end forecasts are to be met.

If forecasts can be met, Freelancer looks cheap. But the magnitude of the turnaround required leaves the broker cautious, hence Neutral retained. Target rises to 52c from 48c.

Target price is $0.52 Current Price is $0.50 Difference: $0.02
If FLN meets the UBS target it will return approximately 4% (excluding dividends, fees and charges).

The company's fiscal year ends in December.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates GWA as Neutral (3) -

The company's investor briefing detailed future growth plans and cost guidance. Additional savings of $9-12m during FY19-21 have been flagged.

Macquarie considers the valuation undemanding, while the strong balance sheet and capital management options reduce downside risk. Neutral rating maintained. Target is raised to $3.31 from $2.86.

Target price is $3.31 Current Price is $3.62 Difference: minus $0.31 (current price is over target).
If GWA meets the Macquarie target it will return approximately minus 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $3.28, suggesting downside of -9.3% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Citi rates ING as Upgrade to Buy from Neutral (1) -

Citi has upgraded to Buy from Neutral with a price target of $3.90, up from $3.60. The analysts have come to the conclusion the domestic market backdrop has become more favourable with higher prices and limited competition from other proteins.

Earnings estimates have been lifted by 1-3%. There is also potential for additional support from a share buyback, suggests Citi.

Target price is $3.90 Current Price is $3.58 Difference: $0.32
If ING meets the Citi target it will return approximately 9% (excluding dividends, fees and charges).

Current consensus price target is $3.93, suggesting upside of 9.6% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.7

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgan Stanley rates JHG as Overweight (1) -

Morgan Stanley expects a solid result in the first quarter and investors to be reassured of the benefits of the merged business. Material catalysts are likely to come later in FY18 although increasing market volatility presents a risk, in the broker's opinion.

The broker targets adjusted earnings of US$137m in the quarter. Overweight retained. Industry view is In-Line. Target is reduced to $57.00 from $64.50.

Target price is $57.00 Current Price is $40.33 Difference: $16.67
If JHG meets the Morgan Stanley target it will return approximately 41% (excluding dividends, fees and charges).

Current consensus price target is $52.36, suggesting upside of 29.8% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY18:

Forecast for FY19:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Citi rates NCM as Buy (1) -

Analysis by Citi suggests Newcrest Mining's high quality assets suffer from too much concentration risk, as shown by troubles at Cadia, but also that the gold and copper producer is already diversifying.

Citi finds the shares are trading at a -20% discount vis a vis global peers, while a sector premium is warranted. Buy rating retained, with a price target of $24 (unchanged).

Target price is $24.00 Current Price is $20.04 Difference: $3.96
If NCM meets the Citi target it will return approximately 20% (excluding dividends, fees and charges).

Current consensus price target is $20.41, suggesting upside of 1.9% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: -0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates OZL as Outperform (1) -

March quarter production was broadly in line with Macquarie's estimates. Guidance for the year has been maintained at 100-110,000t of copper and 120-130,000 ozs of gold.

Carrapateena remains on schedule, with $65m spent on mine site development during the quarter and a new power purchase agreement expected in the second half for both Carrapateena and Prominent Hill.

Outperform retained. Target is $11.40.

Target price is $11.40 Current Price is $8.94 Difference: $2.46
If OZL meets the Macquarie target it will return approximately 28% (excluding dividends, fees and charges).

Current consensus price target is $9.84, suggesting upside of 10.1% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates PPS as Hold (3) -

Strong net flows in the March quarter supported the business and for the 12 months to March funds on platform grew 37%.

Morgans observes the company is on track to meet full year revenue and earnings forecasts. Hold rating and $0.69 target maintained.

Target price is $0.69 Current Price is $0.67 Difference: $0.02
If PPS meets the Morgans target it will return approximately 3% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Citi rates PPT as Neutral (3) -

Citi notes the outflows recorded for Q3 FY18 are the largest seen since Q4 FY15. While the lower-margin institutional channel is entirely to blame, Australian equities take some of the blame as well, and they are a typically higher-margin asset class, point out the analysts.

Forecast EPS has been reduced by -3-8% for the years ahead. However, post the share price fall, Citi analysts now suggest the stock looks "reasonable value", despite a new CEO still somewhere on the horizon. Neutral. Price target $45 (was $53).

Target price is $45.00 Current Price is $41.98 Difference: $3.02
If PPT meets the Citi target it will return approximately 7% (excluding dividends, fees and charges).

Current consensus price target is $46.62, suggesting upside of 11.0% (ex-dividends)

Forecast for FY18:

Forecast for FY19:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Credit Suisse rates PPT as Neutral (3) -

Funds under management at the end of the March quarter were weaker than Credit Suisse expected. Outflows were predominantly driven from within the institutional channel. The broker notes there are still no signs of inflows into the Global Share Fund.

The stock offers some valuation appeal but the performance remains weak and Credit Suisse maintains a Neutral rating. Target is reduced to $46 from $49.

Target price is $46.00 Current Price is $41.98 Difference: $4.02
If PPT meets the Credit Suisse target it will return approximately 10% (excluding dividends, fees and charges).

Current consensus price target is $46.62, suggesting upside of 11.0% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgan Stanley rates PPT as Equal-weight (3) -

Morgan Stanley updates for the March quarter funds and flows. Earnings estimates and valuation are reduced by -10%.

The outlook on flows is less certain although trading multiples are not considered stretched. Global equities remain the growth option while business diversity is improving, in the broker's opinion.

Equal-weight rating. Target is reduced to $46 from $53. Industry view: In-line.

Target price is $46.00 Current Price is $41.98 Difference: $4.02
If PPT meets the Morgan Stanley target it will return approximately 10% (excluding dividends, fees and charges).

Current consensus price target is $46.62, suggesting upside of 11.0% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates PPT as Upgrade to Hold from Lighten (3) -

Net flows were a negative -$1.3bn in the March quarter, primarily Australian equities in the institutional channel. Ord Minnett observes a number of challenges in the near term, including market volatility, outflows and the replacement of the CEO.

However, the fall in the share price means the stock is trading on a forward PE multiple of less than 14x and a fully franked dividend yield of more than 6%.

The broker upgrades to Hold from Lighten, envisaging less downside risk to the current share price relative to other listed fund managers. Target is reduced to $45.00 from $49.50.

Target price is $45.00 Current Price is $41.98 Difference: $3.02
If PPT meets the Ord Minnett target it will return approximately 7% (excluding dividends, fees and charges).

Current consensus price target is $46.62, suggesting upside of 11.0% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates PPT as Sell (5) -

Funds outflows continued for Perpetual in the March Q, leading assets under management to end the quarter -3.5% below the broker's forecast. Given underperformance in Australian funds the broker expects outflows to continue.

The broker believes the market is not pricing in the downside risk to consensus forecasts. Sell retained, target falls to $41.35 from $50.10.

Target price is $41.35 Current Price is $41.98 Difference: minus $0.63 (current price is over target).
If PPT meets the UBS target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $46.62, suggesting upside of 11.0% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Citi rates PRU as Buy (1) -

Citi is concentrating on the positives in Perseus Mining's quarterly update, suggesting the maintenance of FY18 production guidance implies better times ahead. The recently started Sissingue has now reached commercial production, the analysts note.

Now it's all down to the June quarter, and the company needs to deliver to meet guidance, highlights Citi. Buy/High Risk rating retained. Price target 70c (was 69c).

Target price is $0.70 Current Price is $0.49 Difference: $0.21
If PRU meets the Citi target it will return approximately 43% (excluding dividends, fees and charges).

Current consensus price target is $0.57, suggesting upside of 17.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Credit Suisse rates PRU as Outperform (1) -

March quarter production was largely in line with Credit Suisse estimates. Commercial production at Sissingue from April 1 is consistent with costs guidance and development has been completed on time and within budget, the broker notes.

The broker calculates, if Sissingue produces 20,000 ozs in the June quarter then Edikan needs to contribute 66,000 ozs to deliver the mid point of guidance.

Outperform rating and $0.69 target maintained.

Target price is $0.69 Current Price is $0.49 Difference: $0.2
If PRU meets the Credit Suisse target it will return approximately 41% (excluding dividends, fees and charges).

Current consensus price target is $0.57, suggesting upside of 17.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates PRU as Neutral (3) -

The company's newly commissioned mine, Sissingue, has started strongly, Macquarie observes. Edikan was softer than forecast in the March quarter, although it reported positive operating cash flow.

The broker incorporates the quarterly results. Profit expectations fall -41% for FY18 and rise 31% for FY19.

Neutral rating maintained. Target rises to $0.52 from $0.48.

Target price is $0.52 Current Price is $0.49 Difference: $0.03
If PRU meets the Macquarie target it will return approximately 6% (excluding dividends, fees and charges).

Current consensus price target is $0.57, suggesting upside of 17.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates PRU as Buy (1) -

Edikan posted a soft production performance in the March Q due to lower grades, but Perseus notes it was not aiming for higher grades in the quarter. Sissingue commenced production this month but there are no cost details as yet.

Perseus is pushing ahead with its plan to develop Yaoure, also in Cote D'Ivoire. With Edikan only now starting to perform in line with expectations, Sissingue yet to prove itself and Yaoure offering a new risk, the broker believes the market will be hesitant until the cash is actually flowing.

The broker is nevertheless confident and retains a Buy rating and 55c target.

Target price is $0.55 Current Price is $0.49 Difference: $0.06
If PRU meets the UBS target it will return approximately 12% (excluding dividends, fees and charges).

Current consensus price target is $0.57, suggesting upside of 17.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates RIC as Hold (3) -

The company has quantified the impact on its rendering operation from the loss of Red Lea Chickens, which has entered voluntary administration. In the short term this is a significant loss and Morgans makes material downgrades to forecasts.

The company expects the loss of raw material supply will result in a full year loss of -$6-7m in EBIT, of which around 30% was incurred in the first half. New initiatives for the Maroota site are not expected to provide a contribution in the current quarter.

Hold rating maintained and target is reduced to $1.34 from $1.43.

Target price is $1.34 Current Price is $1.27 Difference: $0.07
If RIC meets the Morgans target it will return approximately 6% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates SEA as Add (1) -

Estimates have been updated to include the acquisition of the Pioneer acreage. Morgans suggests the stock can be re-rated post acquisition, without further gains in the oil price.

Management is expected to advance its development plan with its new acreage in the Eagle Ford. Add rating and $0.21 target.

Target price is $0.21 Current Price is $0.06 Difference: $0.15
If SEA meets the Morgans target it will return approximately 250% (excluding dividends, fees and charges).

The company's fiscal year ends in December.

Forecast for FY18:

Forecast for FY19:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates SXY as Add (1) -

The company has an agreement with Beach Energy ((BPT)) to transfer $43m of free carry to the Senex Western Flank interests from the Cooper Basin unconventional gas project.

Morgans expects the deal will save Senex Energy the majority of its planned FY19 Cooper Basin expenditure. The company will retain its 60% interest and remain operator, and Beach will hold 40%. The interest already earned in the Cooper unconventional project will also revert fully to Senex Energy.

Morgans maintains an Add rating and raises the target to $0.51 from $0.48.

Target price is $0.51 Current Price is $0.43 Difference: $0.08
If SXY meets the Morgans target it will return approximately 19% (excluding dividends, fees and charges).

Current consensus price target is $0.42, suggesting downside of -3.3% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates TCL as Outperform (1) -

The company reported March quarter traffic, with growth still affected by road works in Melbourne and Brisbane. Sydney traffic growth was a positive surprise for Macquarie. US roads were affected by weather.

The broker calculates FY18 growth in EBITDA of 10%, accelerating to 13% in FY19. Macquarie believes organic growth can mitigate the impact of any WestConnex acquisition.

Outperform rating and $12.44 target maintained.

Target price is $12.44 Current Price is $11.35 Difference: $1.09
If TCL meets the Macquarie target it will return approximately 10% (excluding dividends, fees and charges).

Current consensus price target is $13.06, suggesting upside of 15.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgan Stanley rates TCL as Equal-weight (3) -

The company reported mixed traffic growth for the March quarter, which Morgan Stanley suggests is acceptable in view of construction works and the impact of an early Easter.

All of the Australian roads benefited from a truck toll multiplier. The US roads do not currently accommodate heavy vehicles, except buses.

Equal-weight rating and Cautious industry view retained. Target is $13.

Target price is $13.00 Current Price is $11.35 Difference: $1.65
If TCL meets the Morgan Stanley target it will return approximately 15% (excluding dividends, fees and charges).

Current consensus price target is $13.06, suggesting upside of 15.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates TCL as Add (1) -

March quarter traffic growth was less than Morgans expected in Melbourne and Brisbane. Traffic growth exceeded forecasts in Sydney and the express lanes in Virginia were affected by weather.

The broker adjusts its assumptions, which results in slight downgrades to short-term forecasts. Target rises to $12.52 from $12.50. Add rating maintained.

Target price is $12.52 Current Price is $11.35 Difference: $1.17
If TCL meets the Morgans target it will return approximately 10% (excluding dividends, fees and charges).

Current consensus price target is $13.06, suggesting upside of 15.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates TCL as Buy (1) -

Ord Minnett was generally pleased with the March quarter traffic numbers. Average daily traffic for the quarter increased 2.7%, despite an early Easter.

Importantly, the various developments are progressing either on time or a slightly ahead of schedule. Buy rating. Target is $14.50.

Target price is $14.50 Current Price is $11.35 Difference: $3.15
If TCL meets the Ord Minnett target it will return approximately 28% (excluding dividends, fees and charges).

Current consensus price target is $13.06, suggesting upside of 15.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates TCL as Buy (1) -

Transurban has reported March quarter traffic growth of 2.7% on Australian toll roads, but no longer reports revenue on a quarterly basis. The broker nevertheless sees no reason to change its forecasts. Sydney roads saw 3.5% growth despite the M2 being disrupted by roadworks.

Truck traffic rose 5% compared to 3% for cars, the broker notes, providing an earnings boost. On traffic trends and the company's development pipeline, the broker expects high single-digit dividend growth to continue. Buy and $13.35 target retained.

Target price is $13.35 Current Price is $11.35 Difference: $2
If TCL meets the UBS target it will return approximately 18% (excluding dividends, fees and charges).

Current consensus price target is $13.06, suggesting upside of 15.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY18:

Forecast for FY19:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources