AOG - Morgan Stanley rates the stock as Overweight
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Morgan Stanley believes there are signs the worst is behind the company, amid encouraging early trading in 2018. First half underlying net profit was -32.7% below the prior corresponding half, a result of reduced customer interest and higher marketing costs related to media scrutiny.
The broker suggests the company has regained trust in the brand while the sale of Gasworks will provide a solid balance sheet. Overweight rating and In-Line industry view. The target is $3.25.
Sector: Real Estate.
Target price is $3.25.Current Price is $2.67. Difference: $0.58 - (brackets indicate current price is over target). If AOG meets the Morgan Stanley target it will return approximately 18% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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