SPO – Citi rates the stock as Downgrade to Neutral

Citi analysts have updated their analysis and there’s now an expectation the company’s interim report is poised for disappointment. Estimates have been reduced by no less than -30% for this year and next.

Dividend payout ratio has fallen too. Price target dives to $1.07 from $1.80. Downgrade to Neutral from Buy.

Sector: Commercial Services & Supplies.

Target price is $1.07.Current Price is $0.99. Difference: $0.09 – (brackets indicate current price is over target). If SPO meets the Citi target it will return approximately 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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