WES – Morgans rates the stock as Hold

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Morgans expects a mixed result when the company reports on August 27. FY19 earnings (EBIT) is forecast to be down -34%, largely because of the Coles ((COL)) de-merger.

On a continuing basis earnings are forecast to be up 1%. Morgans maintains a Hold rating and $34.61 target.

Sector: Food & Staples Retailing.

Target price is $34.61.Current Price is $38.18. Difference: ($3.57) – (brackets indicate current price is over target). If WES meets the Morgans target it will return approximately -10% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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