AGL
Stock Code
Stock Exchange
AGL Energy (AGL) shares were listed on the Australian Stock Exchange on October 12, 2006 and is in the Utilities sector. AGL ENERGY LIMITED provides gas, electricity, solar PV and related products and services to more than 3.6 million customer accounts across Australia.
UBS has upgraded their recommendation for the Australian Gas Light Company (AGL) stock to Buy 2 from Neutral 1 with a share price target of $20.30. UBS notes that "AGL is substantially changing its business model. It is changing the business mix and the growth and risk profiles. Given the company's scale in the Australian customer market in particular, we believe this has the potential to be a value-adding strategy. The key element for investors will likely be execution risk and the valuation. We forecast 30% EPS growth between 2007 and 2009."
SB Citigroup rates the Australian Gas Light (AGL) stock as a Sell with a share price target of $17.81. SB Citigroup notes that bond yields are still rising and the broker still expects profit taking. The Australian Gas Light Company is listed on the Australian Stock Exchange under stock code AGL. Check your charts.
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