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SHARECAFE COMMENTARY

CPU - UBS rates the stock as Neutral
BY BROKER NEWS - 17/05/2018 | VIEW MORE BROKER UPDATES

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CPU - COMPUTERSHARE LIMITED.


The company has announced the acquisition of Equatex, a European employee share plan administration business headquartered in Zurich. This represents a key growth segment for the company and UBS suggests it should add significant outer year accretion based on synergies across the combined platform.

While the deal does enhance the growth outlook, the broker envisages growth reverting back to the low-mid single digit range. Hence, various limited value appeal on a longer term basis and UBS retains a Neutral rating. Target is raised to $18.45 from $17.40.

Sector: Software & Services.

Target price is $18.45.Current Price is $18.32. Difference: $0.13 - (brackets indicate current price is over target). If CPU meets the UBS target it will return approximately 1% (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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