Baycorp Advantage

SB Citigroup: Baycorp Advantage (BCA) Stock tip


SB Citigroup has rated the Baycorp Advantage (BCA) stock as and Upgrade to Buy from Hold, Medium Risk, increasing their price target from $3.72 to $3.46 and a valuation increasing to $3.80 from $3.71. SB Citigroup has upgraded the stock rating for Baycorp on the basis of the sale of its debt collection business as it achieved a profit on the sale. Baycorp can now focus its attention solely on the credit bureau operations, which should see a higher quality of cash flows. SB Citigroup notes that a capital return is now likely, possibly coming in as high as 43c per share.

ABN Amro: Baycorp Advantage (BCA) Stock Tip


ABN Amro has rated the Baycorp Advantage (BCA) stock as a Buy. The rating comes after it was revealed that the price received for the debt collection assets was higher than the broker had expected. A portion of the proceeds of the sale will be used on capital management. Baycorp Advantage is listed on the Australian Stock Exchange under stock code BCA. Check your charts.

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