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    AGL   AU000000AGL7

AGL ENERGY LIMITED

(AGL)
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AGL Energy : Ord Minnett rates AGL as Upgrade to Buy from Hold

09/22/2021 | 08:31pm EST

With shares now trading below the estimated value for AGL Australia (Retail) alone, Ord Minnett upgrades its recommendation on AGL Energy to Buy from Hold, while the target price reduces to $7.55 from $7.80.

The company remains committed to separating its business into retail and generation (Accel Energy) by mid-2022.

While the broker sees potential for strong corporate appeal in AGL Australia, there's likely to be very little interest in Accel Energy. This is because of its exposure to coal, its leverage to wholesale prices and its sizeable rehabilitation costs, explains the analyst.
 

Sector: Utilities.

Target price is $7.55.Current Price is $5.68. Difference: $1.87 - (brackets indicate current price is over target). If AGL meets the Ord Minnett target it will return approximately 25% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena

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Financials
Sales 2022 10 464 M 7 375 M 7 375 M
Net income 2022 268 M 189 M 189 M
Net Debt 2022 2 932 M 2 066 M 2 066 M
P/E ratio 2022 13,3x
Yield 2022 5,83%
Capitalization 3 641 M 2 556 M 2 566 M
EV / Sales 2022 0,63x
EV / Sales 2023 0,59x
Nbr of Employees 4 186
Free-Float 99,2%
Chart AGL ENERGY LIMITED
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Technical analysis trends AGL ENERGY LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 5,53 AUD
Average target price 8,09 AUD
Spread / Average Target 46,3%
EPS Revisions
Managers and Directors
Graeme P. Hunt Chief Executive Officer, MD & Director
Damien Nicks Chief Financial Officer
Peter Robert Botten Chairman
John Chambers Executive GM-Future Business & Technology
Markus Brokhof Chief Operating Officer
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