Ann: Response to ASX Price Query, page-17

I just got this in an email ...Thu, 16 June at 9:24 am


Thursday, 16 June 2022

TGR - TASSAL GROUP LIMITED

Credit Suisse rates TGR as Outperform (1) - Tassal Group is benefiting from rising salmon sales prices and improving cash flows. Credit Suisse points out meaningful price increases have already occurred which should be more than enough to offset input price pressures.

The broker makes positive revisions to estimates for earnings per share while slightly reducing volume estimates in anticipation of the company maximising the supply/demand price dynamics. Outperform retained. Target rises to $4.00 from $3.90.

Target price is $4.00 Current Price is $3.45 Difference: $0.55 If TGR meets the Credit Suisse target it will return approximately 16% (excluding dividends, fees and charges). The company's fiscal year ends in June.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 16.50 cents and EPS of 27.66 cents . At the last closing share price the estimated dividend yield is 4.78%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.47.

Forecast for FY23:

Credit Suisse forecasts a full year FY23 dividend of 17.50 cents and EPS of 31.66 cents . At the last closing share price the estimated dividend yield is 5.07%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.90.

Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources