APA – Macquarie rates the stock as Outperform

With speculation that Australian wind farm developer Epuron is considering a sale process, Macquarie assesses it would potentially be an attractive alternative to Tilt, to step change APA Group’s renewable strategy.

The broker feels the most significant attraction would be a management team with a good track record in identifying attractive wind sites
and moving through the environmental approval process. The Outperform rating and $10.17 target are unchanged.

Sector: Utilities.

 

Target price is $10.17.Current Price is $10.18. Difference: ($0.01) – (brackets indicate current price is over target). If APA meets the Macquarie target it will return approximately 0% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

 

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