Hastings Diversified Utilities Fund

Hastings Diversified Utilities Fund (HDF)

Wed, 19/11/2008 - 10:20

Stock Code

HDF

Stock Exchange

Australian Securities Exchange

Hastings Diversified Utilities Fund (HDF) is a diversified utility fund, with a market capitalisation of $488,122,836. The Fund invests in a portfolio of gas transmission and water utilities infrastructures assets across Australia and worldwide. The fund listed on the Australian Stock Exchange (ASX) on 13th of December, 2004. HDF focuses its development activities through three business segments: Gas pipeline owner and operator, Water utility owner and operator and Other.

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Hastings Diversified Utilities Fund (HDF) Stock Recommendation


SB Citigroup have rated the Hastings Diversified Utilities Fund (HDF) stock as a Hold, High Risk with a share price target higher at $2.85 (from $2.80). Meanwhile UBS has a Neutral 2 recommendation with a share price target of $2.85. The result was solid in the stockbroker's eyes, however the trading price of the stock at around $2.85 is close to its target which determined their stock recommendation.

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