Jefferies hikes PT for Australia's APA Group on Basslink's regulated future

Reuters
2025.09.14 20:26
portai
I'm PortAI, I can summarize articles.

Jefferies has raised the price target for Australia's APA Group from A$8.79 to A$8.90, following the Australian Energy Regulator's draft decision on the Basslink electricity interconnector, which is set to become a regulated asset. The regulator proposed A$428.8 million in total revenue for FY27-30, indicating an EBITDA increase to A$81 million. This shift to regulated status is viewed positively, providing revenue certainty ahead of the Marinus Link rollout. Currently, two analysts rate the stock as 'buy', six as 'hold', and two as 'sell', with a mean price target of A$8.65.

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.