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).