AST – UBS rates the stock as Neutral

UBS anticipates a very high bar for FIRB approval of the non-binding indicative cash offer of $2.50 (pre-interim div) for AusNet Services from Brookfield Asset Management.

Should the offer and the current takeover proposal for Spark Infrastructure Group ((SKI)) be approved, 100% of Victoria’s electricity distribution and transmission infrastructure would be foreign owned. The Neutral rating and $1.80 target price are unchanged.

Sector: Utilities.

 

Target price is $1.80.Current Price is $2.59. Difference: ($0.79) – (brackets indicate current price is over target). If AST meets the UBS target it will return approximately -44% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

 

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 →