Australia's Viva Energy rises; Jefferies raises PT after strong first-half update

Waypoint REIT

29/07/2026 01:33

Updates
** Australia's Viva Energy VEA.AX rises 1.89% to A$2.7, its highest level since late January 2025
** Analysts at Jefferies raise price target for company to A$2.30 from A$2.15, following a first-half trading update that pointed to record earnings
** The fuel retailer and refiner on Tuesday reported 1H26 total group fuel sales volume up 1.5% to 8,490 million litres
** Brokerage lifts 2026 EBITDA estimates for Viva Energy by 9% and for NPAT by about 15%, citing stronger-than-expected earnings from the Commercial & Industrial (C&I) division and solid Convenience & Mobility (C&M) performance
** Five of eight analysts rate the stock "buy" or higher, three "hold"; their median PT is A$2.70, according to data compiled by LSEG
** Stock up 29.5% this year, including moves in current session

 (Reporting by Roshan Thomas and Jasmeen Shaikh in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))