In a report released today, Robert Koh from Morgan Stanley maintained a Buy rating on AGL Energy Limited (AGLNF – Research Report), with a price target of A$12.88. The company’s shares closed last Wednesday at $7.05.
Koh covers the Industrials sector, focusing on stocks such as Auckland International Airport Limited, Atlas Arteria, and Aurizon Holdings Ltd.. According to TipRanks, Koh has an average return of 4.0% and a 60.00% success rate on recommended stocks.
AGL Energy Limited has an analyst consensus of Moderate Buy, with a price target consensus of $8.34.
Based on AGL Energy Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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AGL Energy Limited (AGLNF) Company Description:
AGL Energy Ltd. is an integrated renewable energy company, which engages in the provision of natural gas distribution services. It operates through the following segments: Customer Markets; Wholesale Markets; Group Operations; Investments; and Other. The Customer Markets segment include retailing of electricity, gas, solar, and energy efficiency products and services. The Wholesale Markets segment involves in the wholesale electricity, wholesale gas and eco markets, and managing the price risk associated with procuring electricity and gas. The Group Operations segment consists power generation portfolio and other key sites and operating facilities. The Investment segment focuses its interests in the ActewAGL Retail Partnership, Powering Australian Renewables Fund, Digital Energy Exchange and New Energy Investments: Advanced Microgrid Solutions Inc, Energy Impact Partners’ Fund, Activate Capital Partners, Solar Analytics Pty Limited, Sunverge Energy Inc and Ecobee Inc. The Other segment composes of the various corporate activities which includes the head office and central support functions and the innovation accelerator portion of the previous new energy segment. The company was founded on October 9, 2006 and its business roots back to 1837, is headquartered in Sydney, Australia.