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    CWN   AU000000CWN6

CROWN RESORTS LIMITED

(CWN)
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Ord Minnett rates CWN as Buy

11/21/2021 | 06:31pm EST

Crown Resorts has received a third conditional takeover offer from Blackstone at $12.50 per share. Ord Minnett notes share price is well below the bid, implying the market is aware of potential risks. 

Among offer conditions, Blackstone has stipulated that the offer is conditional on receiving approval from casino regulators in Victoria, New South Wales and Western Australia. Ord Minnet's view is that Crown Resorts will likely reject the bid on valuation or regulatory reasons. 

The Buy rating and target price of $15.00 are retained.

Sector: Consumer Services.

Target price is $15.00.Current Price is $11.54. Difference: $3.46 - (brackets indicate current price is over target). If CWN meets the Ord Minnett target it will return approximately 23% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena

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Analyst Recommendations on CROWN RESORTS LIMITED
More recommendations
Financials
Sales 2022 2 060 M 1 480 M 1 480 M
Net income 2022 -45,7 M -32,8 M -32,8 M
Net Debt 2022 443 M 318 M 318 M
P/E ratio 2022 -316x
Yield 2022 1,14%
Capitalization 8 437 M 6 079 M 6 060 M
EV / Sales 2022 4,31x
EV / Sales 2023 2,75x
Nbr of Employees 12 489
Free-Float 53,2%
Chart CROWN RESORTS LIMITED
Duration : Period :
Crown Resorts Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends CROWN RESORTS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Last Close Price 12,46 AUD
Average target price 12,12 AUD
Spread / Average Target -2,75%
EPS Revisions
Managers and Directors
Steven B. McCann Chief Executive Officer, Director & MD
Alan McGregor Chief Financial Officer & Secretary
Zygmunt Edward Switkowski Independent Non-Executive Chairman
Steven J. Blackburn Chief Compliance & Financial Crimes Officer
Sarah Jane Halton Independent Non-Executive Director
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