What’s happening with WPL?

What’s happening with WPL? I have been holding this stock for two years expecting it will bounce back. I also bought more with recent price drop. Should I keep it further expecting it will bonce back within next twelve months?

A: Woodside (WPL) is a bit “friendless” in the market as it goes through the process of appointing a new CEO, some asset write-downs, and ongoing uncertainty about long term projects. But the brokers still like it. According to FN Arena, 5 buys and 2 holds amongst the major brokers, with a target price of $27,.55, about 26% higher than the last ASX price of $21.87.


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