Report
EUR 13.77 For Business Accounts Only

An unfavourable environment weighs on VECTOR, which sees a downgrade to Neutral

The independent financial analyst theScreener just requalified the general evaluation of VECTOR (NZ), active in the Multiutilities industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as defensive. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Neutral. As of the analysis date November 30, 2021, the closing price was NZD 3.86 and its target price was estimated at NZD 3.67.
Underlying
Vector Ltd

Vector and its subsdiaries are primarily engaged in electricity distribution, gas transportation, natural gas and liquefied petroleum gas (LPG) sales, gas processing, metering and telecommunications in New Zealand. Co. reports on four operating segments: Electricity, which is engaged in electricity distribution services; Gas Transportation, which is engaged in gas transmission and distribution services; Gas Wholesale, which is engaged in natural gas and LPG sales, storage and processing, and cogeneration; as well as Technology, which is engaged in telecommunications and metering services. As of June 30 2015, Co. had 544,513 electricity customers and 163,243 distribution customers.

Provider
TheScreener
TheScreener

Empowering Investors

theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals.  Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.

  • Worldwide coverage: theScreener analyses cover around 6'500 Stocks, i.e 95% of the world Market Capitalization.  theScreener state of art: We provide
  • theScreener state of art: We provide easy to use and complete analyses over Stocks, including Fundamentals / Technical / Risk/ Peer / Alternatives analyses.
  • For Research Pool community, we provide twice a week around 500 new equity analyses. We produce analyses about equities which have been upgraded or downgraded

 

Other Reports on these Companies
Other Reports from TheScreener

ResearchPool Subscriptions

Get the most out of your insights

Get in touch