ORG - Credit Suisse rates the stock as Neutral
BY BROKER NEWS - 03/07/2009
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• ORG - ORIGIN ENERGY LIMITED
A field trip to the company's Darling Downs power station leads the broker to suggest the company is perfecting the art of rolling out its facilities. As such, the broker believes the company will be more than ready to move if its proposed LNG plant gets the go-ahead.
There are no changes to its numbers post the visit, so the broker retains its Neutral rating and $16.70 price target.
Sector: Energy.
Target price is $16.70.Current Price is $13.91. Difference: $2.79 - (brackets indicate current price is over target). If ORG meets the Credit Suisse target it will return approximately 17% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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