BTU – UBS rates the stock as Neutral

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Target $1.00 (was $1.25). Full year loss for Bathurst was slightly lower than UBS had expected but doesn’t see any significant changes to the broker’s forecasts in coming years.

There remains significant upside from final approvals at the Escarpment project but on valuation grounds UBS retains a Neutral rating. Price target falls to reflect a revised valuation.
Sector: Materials.

Target price is $1.00.Current Price is $0.87. Difference: $0.13 – (brackets indicate current price is over target). If BTU meets the UBS target it will return approximately 13% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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