SPO – Citi rates the stock as Buy

Citi analysts believe the company remains en route to achieving its guidance for FY16. FY17 should see the company investing to solidify future growth.

The target price of $1.80 suggests an estimated total return in excess of 50%. Citi analysts believe the shares are severely undervalued. Buy rating retained.

Sector: Commercial Services & Supplies.

Target price is $1.80.Current Price is $1.24. Difference: $0.56 – (brackets indicate current price is over target). If SPO meets the Citi target it will return approximately 31% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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