Australia's Ventia Services rises, Morningstar ups fair value estimate on improved outlook

Ventia Services

01/07/2025 04:27

** Shares of infra services provider Ventia Services VNT.AX rise 1.2% to A$5.24, set for their fourth consecutive session of gains

** Morningstar ups fair value estimate by 11% to A$5 on improved near- and longer-term outlook

** Increases its 5-year group EBITDA CAGR forecast on VNT to 4.6% from 3% on strong contract wins and market growth

** Six out of eight analysts rate the stock 'buy' or higher, while others rate 'hold'; their mean price target is A$4.71 - data compiled by LSEG

** Stock is up 44.3% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))