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need a run in the 80s resistance last time on the 6.6.19 at 80...

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profitplease

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17/06/19

13:34

Post #: 39093757
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Originally posted by Wise_One ↑

PET - another broking house initiating coverage today - Petra Capital with Buy ($1.05) target

Report below

https://hotcopper.com.au/attachment...mental_Technologies_PET_Earnings_momentum.pdf

Extract also:

Initiate with a Buy rating and A$1.05 price target

We initiate on PET with a Buy rating and an A$1.05 price target, representing 42% upside from the current share price. Given PET is an early stage company in regards to earnings generation, we believe the most suitable valuation method should take into account the strong near term earnings growth. Our price target is derived from an A$1.07 NPV, which is supported by FY21 peer P/E multiples of 16.1x (A$1.22 implied value for PET).

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need a run in the 80s
resistance last time on the 6.6.19 at 80
and resistance again
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