WHC – Morgans rates the stock as Add

Despite lowered FY22 sales guidance (due to higher cost guidance) by Whitehaven Coal after 2Q results, Morgans actually upgrades FY22-23 earnings (EBITDA) forecasts on higher coal price estimates.

The analyst’s target price of $3.65 (down from $3.92) includes a premium to allow for upside risk for coal prices. It’s estimated the company offers 19% upside to the broker’s base case pricing scenario. Add rating maintained.

Sector: Energy.


Target price is $3.65.Current Price is $2.70. Difference: $0.95 – (brackets indicate current price is over target). If WHC meets the Morgans target it will return approximately 26% (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 →