The news does not get much better for TRS.... as I said in my previous post, one the worst performing stocks in the ASX over the past 12 months and the share price continues to slide.
With no online presence, this company will struggle against its competitors and I believe more bad news will come out in future announcements which will see TRS shares test previous lows in the future.
The Reject Shop is currently trading at a PE ratio of 31X which is very expensive for a company who's growth prospects look to be checkered.
Now we are also seeing analysts dramatically reducing the price target for TRS as per below.. interesting that Morgans had them as a $10+ stock only 12 months ago ...
07/06/2021 - The Reject Shop Price Target Cut 45% to A$5.70/Share by Ord Minnett
08/06/2021 - The Reject Shop Target Price Cut 24% to A$6.80/Share by Morgans
Ann: Trading update and Board appointment, page-13
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Last
$3.10 |
Change
0.000(0.00%) |
Mkt cap ! $115.6M | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.12 | $3.09 | $80.67K | 26.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2201 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 259 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| TRS (ASX) Chart |