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Jefferies initiated coverage on Origin Energy Ltd. (ASX:ORG), a $12.7 billion market cap energy company, with a buy rating and a price target of AUD12.05, citing the company’s strong positioning for the energy transition. According to InvestingPro data, the company trades at an attractive P/E ratio of 13.9x and maintains a "GREAT" financial health score.
The research firm highlighted Origin’s diversified business model as a key strength that positions the company to effectively navigate the ongoing shifts in the energy sector. The company has demonstrated solid performance with 7.65% revenue growth in the last twelve months.
Jefferies noted that Origin’s shareholding in Octopus Energy provides investors with exposure to significant global growth opportunities in energy technology through the Kraken SaaS platform.
The firm also pointed to APLNG (Australia Pacific LNG) as "an attractive, long-duration energy asset" in Origin’s portfolio, further supporting the investment case.
The AUD12.05 price target represents a potential total shareholder return of 17.7%, according to Jefferies’ analysis of the Australian energy company.
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