SDA - Morgans rates the stock as Hold
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The company has completed the acquisition of UltiSat ahead of expectations and indicated the energy sector has experienced its third quarter of stable revenue and the pipeline is growing. Harris CapRock is almost fully integrated and Morgans suggests the downside is dwindling.
The broker removes a -20% discount to valuation, given the integration is progressing and the outlook is improving. Hold rating retained and target raised to $4.77 from $3.87.
Sector: Telecommunication Services.
Target price is $4.77.Current Price is $4.79. Difference: ($0.02) - (brackets indicate current price is over target). If SDA meets the Morgans target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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