Sharecafe

WOW – UBS rates the stock as Neutral

UBS retains a Neutral rating and $39 target.

At first glance, FY21 results were in line with UBS estimates at the sales line while net profit was below. The final dividend was ahead of the broker’s forecast, at $0.55.

For the first eight weeks of FY22 sales growth was very strong, given tough comparables and, excluding Big W. The outlook for big W is weak with the company expecting EBIT in the first half to be “materially lower” than the prior corresponding first half.

UBS retains a Neutral rating and $39 target.

Sector: Food & Staples Retailing.

 

Target price is $39.00.Current Price is $40.99. Difference: ($1.99) – (brackets indicate current price is over target). If WOW meets the UBS target it will return approximately -5% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

 

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