RCR - Citi rates the stock as Buy
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Citi suggests there could be upside risks to FY18 forecasts, given the company's recent contract wins. However, this depends on the projects reaching financial close and the timing.
The Haughton solar farm is a $170m contract and the Clermont and Wemen solar farms combined are $260m.
Buy rating and $5.02 target.
Sector: Capital Goods.
Target price is $5.02.Current Price is $4.48. Difference: $0.54 - (brackets indicate current price is over target). If RCR meets the Citi target it will return approximately 11% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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