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RHP - Morgans rates the stock as Add
BY BROKER NEWS - 22/08/2017 | VIEW MORE BROKER UPDATES

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RHP - RHIPE LIMITED


FY17 results were in line with recent guidance. The company has also announced an on-market buy-back of up to 10% of shares on issue.

Morgans reduces forecasts by -10%. The broker believes the outlook is positive and the valuation attractive relative to growth in earnings per share. The broker believes the business is back on the radar for investors.

Add rating retained. Target is $0.82.

Sector: Software & Services.

Target price is $0.82.Current Price is $0.72. Difference: $0.11 - (brackets indicate current price is over target). If RHP meets the Morgans target it will return approximately 13% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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