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CGF - UBS rates the stock as Neutral
BY BROKER NEWS - 21/04/2017 | VIEW MORE BROKER UPDATES

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CGF - CHALLENGER FINANCIAL SERVICES GROUP LIMITED


March quarter and unity netbook growth of $344m was slightly ahead of UBS estimates as the company benefited from stronger sales in Japan.

The broker finds the net implications for earnings per share in FY17 slightly negative and while a higher mix of long-duration sales should assist the outer years this already appears priced in. Neutral. Target is $11.05.

Sector: Diversified Financials.

Target price is $11.05.Current Price is $12.62. Difference: ($1.57) - (brackets indicate current price is over target). If CGF meets the UBS target it will return approximately -14% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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