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
$3.95 |
Change
0.000(0.00%) |
Mkt cap ! $478.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 66 | $4.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.76 | 502 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 66 | 4.140 |
1 | 104 | 4.020 |
1 | 137 | 4.010 |
2 | 2750 | 3.950 |
2 | 915 | 3.940 |
Price($) | Vol. | No. |
---|---|---|
3.760 | 502 | 2 |
3.880 | 112 | 1 |
3.900 | 423 | 1 |
3.960 | 2062 | 3 |
3.970 | 915 | 2 |
Last trade - 09.56am 12/07/2024 (20 minute delay) ? |
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SHV (ASX) Chart |
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