From FNArena: (UBS is the only broker quoted on FNArena that covers SHV.)
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET UBS
22/03/2023
1
Buy
$4.90
24.05%
- COMMENTARY
The nonpareil almond crop, which constitutes around 50% of Select Harvests' overall crop, has been impacted by a poor bloom period and wet growing conditions in 2022, explains UBS.
As a result of these woes, management has cut its volume forecast to -25-35% below the consensus expectation.
The broker conservatively assumes the balance of the crop (pollinator varieties) will suffer a similar volume impact and lowers its target to $4.90 from $5.05.
Management noted improving prices and is expecting $7.25-7.70/kg for FY23, above the $6.80 received in FY22. Buy.
FORECAST
UBS forecasts a full yearFY22dividend of0.00cents and EPS ofminus -43.00cents.
UBS forecasts a full yearFY23EPS of19.00cents.
Some-one with better skills at analysis might be able to find a pattern in the price chart below. There may be a relationship with the estimated or actual crop size - certainly not the weather, nor the asset backing. Much of it looks to be random or in other words market sentiment. Which is basically what UBS's target price is: guesswork, possibly educated, but more likely just a reversion to near the 20-year average.
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Last
$4.14 |
Change
0.070(1.72%) |
Mkt cap ! $501.1M |
Open | High | Low | Value | Volume |
$4.08 | $4.14 | $4.03 | $830.9K | 203.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 253 | $4.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.15 | 1720 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 253 | 4.120 |
1 | 253 | 4.110 |
2 | 973 | 4.100 |
2 | 973 | 4.090 |
2 | 973 | 4.080 |
Price($) | Vol. | No. |
---|---|---|
4.150 | 1720 | 2 |
4.160 | 720 | 1 |
4.170 | 1720 | 2 |
4.180 | 253 | 1 |
4.190 | 253 | 1 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
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SHV (ASX) Chart |