Austal Worth More Than Current Share Price After Sell-Off, Euroz Hartleys Says, Shares Up 4%

MT Newswires Live
12/19

Austal (ASX:ASB) has seen a sell-off after recent highs of around AU$8.59, but nothing on the ground has changed operationally, according to a Thursday Euroz Hartleys note.

The company on Thursday said it was awarded a AU$1.03 billion design and build contract for landing craft medium (LCM) vessels under the firm's strategic shipbuilding agreement with the Commonwealth of Australia.

Euroz Hartley believes that at full ramp-up, and with good execution, ASB shares are worth a "good deal" more than the current share price.

The research firm added that the fundamental investment case for ASB has firmed up further, with the resolution of T-ATS, financing arrangements finalized, and Australian Defense requirements firming up.

Euroz Hartleys maintained its buy rating and raised its price target to AU$7.71 from AU$6.57.

The company's shares rose 4% in recent Friday trade.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10