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SDF - Credit Suisse rates the stock as Outperform
BY BROKER NEWS - 16/06/2017 | VIEW MORE BROKER UPDATES

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SDF - STEADFAST GROUP LIMITED


The company hosted an investor briefing focused on its technology strategy. Credit Suisse cannot fault the continuously expanding strategy but does not have the confidence to forecasts bankable earnings from growth opportunities.

At this point premium rates are working in the company's favour and an Outperform rating is maintained. The earnings growth opportunity is in FY19/20, in the broker's opinion.

A recovery in commercial lines premium rates in recent months will assist to offset some of the pressure from expenses. Target is $3.10.

Sector: Insurance.

Target price is $3.10.Current Price is $2.81. Difference: $0.29 - (brackets indicate current price is over target). If SDF meets the Credit Suisse target it will return approximately 9% (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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