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).