Collins Foods Ltd (ASX: CKF)
A note out of UBS reveals that its analysts have upgraded this quick service restaurant operator's shares to a buy rating with an improved price target of $11.50. This follows the release of its FY 2024 results on Tuesday that were comfortably ahead of expectations. In addition, while some investors may be concerned with its soft start to FY 2025, with sales down 0.8% on a like for like basis, UBS isn't fazed by this. In fact, it feels it is a strong showing given the tough comparables its KFC Australia business is facing. UBS also suggests that as its comparables ease in the second half, it could return to growth on a like for like basis. The Collins Foods share price is fetching $9.22 this afternoon.
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Last
$7.22 |
Change
0.060(0.84%) |
Mkt cap ! $851.1M | |||
| Open | High | Low | Value | Volume |
| $7.19 | $7.26 | $7.15 | $1.844M | 255.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4302 | $7.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.24 | 7250 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| CKF (ASX) Chart |