LOGIN JOIN SHARECAFE SIGN UP FOR OUR NEWSLETTER ADVERTISE
share cafe logo  
 
SHARECAFE COMMENTARY

STO - UBS rates the stock as Sell
BY BROKER NEWS - 17/11/2017 | VIEW MORE BROKER UPDATES

Get More Commentary, Discussion & Market Information On -

STO - SANTOS LIMITED


Media speculation suggests Harbour Energy is preparing an all-cash takeover bid. This follows an earlier approach in August which was rejected by the Santos board.

The company has stated it is not currently engaged with Harbour Energy relating to a change of control transaction. UBS suggests it may make it more difficult for the consortium to move ahead with a formal offer, given the press speculation and share price reaction.

Sell rating and $4.05 target retained.

Sector: Energy.

Target price is $4.05.Current Price is $4.95. Difference: ($0.90) - (brackets indicate current price is over target). If STO meets the UBS target it will return approximately -22% (excluding dividends, fees and charges - negative figures indicate an expected loss).



View More Broker Updates

FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve.




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.

 

RECENTLY ADDED TO SHARECAFE


 › Marcus Today End Of Day Report
 › Friday At The Close
 › Are Bank Shares Any Better Than Bank Hybrids?
 › Market At Midday On Friday
 › The Week Ahead With Stephen Koukoulas
 › Rothsay Gold Progressing For Egan Street
 › Orion Minerals' Project Rises From The Ashes
 › Next Week At A Glance
 › Overnight: Rates On The Rise
 › Understanding Insurance Broking
 › Cobalt Demand Results In Clancy Surge
 › Nine Share Price Shows Sign Of Bouncing Back
 › CGF - Morgans rates the stock as Hold
 › S32 - Citi rates the stock as Neutral
More ShareCafe   

GET THE SHARECAFE BREAKFAST BRIEFING


Delivered free to your inbox before the market opens each trading day. Sign up below +

SHARECAFE VIDEO


Perennial Value discuss Imdex (ASX:IMD)
More video