With the prospect of Adani’s Carmichael mine being approved in Queensland, Deutsche Bank believes the market should now be paying for Whitehaven Coal’s growth.
The broker maintains a Buy rating with a $5.10 target.
Target price is $5.10.Current Price is $4.21. Difference: $0.89 – (brackets indicate current price is over target). If WHC meets the Deutsche Bank target it will return approximately 17% (excluding dividends, fees and charges – negative figures indicate an expected loss).