Target $3.80 (was $4.00). Softer than expected trading conditions in 2H11 have seen RBS trim earnings forecasts. The result is a cut in price target.
Ruralco has made a number of acquisitions and strategic investments to broaden and strengthen its business and this supports the broker’s Buy rating on the stock.
Sector: Commercial Services & Supplies.
Target price is $3.80.Current Price is $3.20. Difference: $0.60 – (brackets indicate current price is over target). If RHL meets the RBS Australia target it will return approximately 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).