Jefferies trims PT on Australian fuel retailer Viva Energy

Viva Energy

10/03/2025 19:26

** Analysts at Jefferies lower price target on Australia's Viva Energy VEA.AX to A$1.65 from A$1.90; keep stock recommendation at "hold"

** Brokerage flags that investors are questioning if the fuel retailer has a balance sheet problem

** Jefferies believes that Viva's balance sheet is over-geared but the firm is unlikely to run short of capital, given liquidity headroom and no imminent debt maturities

** Says the balance sheet leverage gives co limited strategic options and uncertainty on where the convenience operation will hit its bottom given challenges in tobacco business

** Six of 10 analysts rate the stock "buy" or higher and four "hold"; their median PT is A$2.80 – LSEG data

** Stock down 38.8% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com))