By James Mickleboro:
I think it is fair to say that the last 12 months have been a complete disaster for Domino's.Management's pricing missteps in response to inflationary pressures, and a poor performance from most of its operations during the first half, meant its shares lost almost half their value since this time last year.
While this is disappointing, I believe it has created a compelling buying opportunity for patient investors with a very favourable risk/reward.
Citi appears to believe this is the case. Its analysts currently have a buy rating and a $61.10 price target on Domino's shares. This represents almost 52% upside from the company's current share price of $40.21.
Motley Fool contributor James Mickleboro owns shares of Domino's Pizza Enterprises Ltd.
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Last
$30.90 |
Change
0.380(1.25%) |
Mkt cap ! $2.809B |
Open | High | Low | Value | Volume |
$30.80 | $31.22 | $30.71 | $8.174M | 263.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 103 | $30.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.91 | 1171 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32 | 30.840 |
1 | 32 | 30.800 |
1 | 32 | 30.600 |
2 | 1200 | 30.580 |
1 | 3000 | 30.550 |
Price($) | Vol. | No. |
---|---|---|
30.930 | 1000 | 1 |
31.140 | 239 | 1 |
31.300 | 1000 | 1 |
31.330 | 8475 | 1 |
31.400 | 100 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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DMP (ASX) Chart |