The broker has revised its NPV multiple for the stock to bring it more in line with historic industry averages, the result being an increase in its price target to $22.00.
There is no change to the broker's positive rating. Sector: Materials.
Target price is $22.00. Current Price is $20.45. Difference: $1.55 – (brackets indicate current price is over target). If ERA meets the Deutsche Bank target it will return approximately 7% (excluding dividends, fees and charges – negative figures indicate an expected loss).