SYD – Morgans rates the stock as Add

Ahead of the upcoming February reporting season, when Sydney Airport is due to release its FY20 financials, analysts at Morgans have updated their modeling and assumptions.

The analysts remain confident a sustained recovery lays ahead on the back of vaccine roll-outs internationally. Add rating retained.

Price target lifts to $6.95 from $6.56 on increased forecasts. Morgans doesn’t anticipate the return of distributions to shareholders before 2023 (final dividend FY22), which is an improvement from prior projections.

Sector: Transportation.


Target price is $6.95.Current Price is $6.32. Difference: $0.63 – (brackets indicate current price is over target). If SYD meets the Morgans target it will return approximately 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).



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