SHL – Deutsche Bank rates the stock as Buy

By Broker News | More Articles by Broker News

It is Deutsche Bank’s view that Sonic’s interim report contained the ingredients to show investors this is a great quality company that remains undervalued. The stockbroker thus retains a positive view, with estimates raised despite Sonic’s H1 profits missing the mark.

Currencies remain a drag for the company, the analysts acknowledge. Their price target has lifted to $12.50 from $12.30 prior.

Target price is $12.50.Current Price is $11.38. Difference: $1.12 – (brackets indicate current price is over target). If SHL meets the Deutsche Bank target it will return approximately 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →