COE – Credit Suisse rates the stock as Neutral

By Broker News | More Articles by Broker News

FY19 results were in line with estimates. There is a 10% increase to 2P estimates for Casino Henry, offset by a -2% decrease for Sole. Sole start-up guidance remains on track and firm gas sales are expected in December.

Should Annie/Elanora and Sole proceed successfully over coming months, Credit Suisse suspects momentum will provide further price support, although any disappointment will dampen enthusiasm.

Neutral maintained. Target is raised to $0.56 from $0.55.

Sector: Energy.

Target price is $0.56.Current Price is $0.55. Difference: $0.01 – (brackets indicate current price is over target). If COE meets the Credit Suisse target it will return approximately 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →