Deutsche Bank does not believe that there are any major stumbling blocks to the approval of the Vickery expansion project.
While many of the issues in the IPC statement will require further testing and investigation by the NSW government, the broker envisages project approval by the end of 2019.
The broker maintains a Buy rating with a $5.10 target.
Sector: Energy.
Target price is $5.10.Current Price is $4.22. Difference: $0.88 – (brackets indicate current price is over target). If WHC meets the Deutsche Bank target it will return approximately 17% (excluding dividends, fees and charges – negative figures indicate an expected loss).
