LOGIN JOIN SHARECAFE SIGN UP FOR OUR NEWSLETTER ADVERTISE
share cafe logo  
 
SHARECAFE COMMENTARY

AWC - Deutsche Bank rates the stock as Hold
BY BROKER NEWS - 13/09/2017 | VIEW MORE BROKER UPDATES

Get More Commentary, Discussion & Market Information On -

AWC - ALUMINA LIMITED


Given greater confidence for smelter curtailments in China and discipline among ex-China producers, Deutsche Bank now expects the global aluminium market to shift into material deficit in the second half of this year through to 2019.

On the back of a tighter market the broker upgrades aluminium price forecasts by 11% for the second half and by 12% for 2018. The broker also raises alumina price forecasts by 5% for the second half, to US$330/t, and by 7% for 2018, to US$320/t.

Hold retained. Target is raised to $2.15 from $1.95.

Sector: Materials.

Target price is $2.15.Current Price is $2.22. Difference: ($0.07) - (brackets indicate current price is over target). If AWC meets the Deutsche Bank target it will return approximately -3% (excluding dividends, fees and charges - negative figures indicate an expected loss).



View More Broker Updates

FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve.




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.

 

RECENTLY ADDED TO SHARECAFE


 › Marcus Today End Of Day Report
 › Friday At The Close
 › St George Mining Conquering Mt Alexander
 › A Post-Dividend World?
 › Automotive Holdings Outlook Now Less Cold
 › Market At Midday On Friday
 › Next Week At A Glance
 › Overnight: Cheers
 › Positioning For An Electric Vehicle Future
 › What Big Money Thinks About The Asian Equity Rally
 › When Wages Just Won't Grow
 › Why Too Much Income Can Be Bad For You
 › MIN - Macquarie rates as Outperform
 › PRY - Morgan Stanley rates as Equal-weight
More ShareCafe   

GET THE SHARECAFE BREAKFAST BRIEFING


Delivered free to your inbox before the market opens each trading day. Sign up below +

SHARECAFE VIDEO


View More Videos