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
$4.05 |
Change
0.100(2.53%) |
Mkt cap ! $489.0M |
Open | High | Low | Value | Volume |
$3.96 | $4.06 | $3.87 | $2.548M | 651.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 2672 | $4.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.05 | 1504 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 692 | 4.030 |
8 | 2116 | 4.020 |
5 | 7513 | 4.010 |
5 | 820 | 4.000 |
7 | 4971 | 3.990 |
Price($) | Vol. | No. |
---|---|---|
4.040 | 609 | 3 |
4.050 | 1509 | 8 |
4.060 | 17145 | 13 |
4.070 | 3105 | 6 |
4.080 | 1279 | 3 |
Last trade - 14.12pm 12/07/2024 (20 minute delay) ? |
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