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Edison issues outlook on Jersey Electricity (JEL)
Edison issues outlook on Jersey Electricity (JEL).
About this update from Jersey Electricity Plc Class A
[{"type":"text","content":"\n \nEdison Investment Research LimitedEdison Investment Research Limited: Edison issues outlook on Jersey Electricity (JEL)05-March-2018 / 10:46 GMT/BST\nLondon, UK, 5 March 2018\n\nEdison issues outlook on Jersey Electricity (JEL)\n\nJersey Electricity (JEL) delivered for both shareholders and customers in FY17. After an extended period of heavy investment in infrastructure, we believe JEL is well placed to continue to provide secure, sustainable and affordable electricity for its customers, generate attractive returns for shareholders and adapt to any regulatory changes. JEL has established an impressive track record of DPS growth (five-year CAGR c 5%) and shareholders should look forward to continuing growth in the DPS (we forecast c 5% pa) underpinned by a strengthening balance sheet.\n\nWe have examined a range of valuation techniques (SOTP, peer group multiples and DCF) to provide an indicative valuation guide for JEL. The average valuation produced by our analysis indicates a potential share price of 546p (was 563p), c. 10% above the level of the current share price.Click here to view the full report.\n\nAll reports published by Edison are available to download free of charge from its websitewww.edisoninvestmentresearch.com\n\nAbout Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.\n\nEdison is authorised and regulated by the Financial Conduct Authority.\n\nEdison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.\n\nFor more information please contact Edison:\n\nGraeme Moyse, +44 (0)20 3077 [email protected]\n\nLearn more at www.edisongroup.com and connect with Edison on:LinkedInhttps://www.linkedin.com/company/edison-investment-research Twitterwww.twitter.com/Edison_Inv_ResYouTubewww.youtube.com/edisonitv \n\n\n\n\n\n\n\n\n\n\n\n\nDissemination of a CORPORATE NEWS, transmitted by EQS...