By James Mickleboro:
I think it is fair to say that the last 12 months have been a complete disaster for Domino's.Management's pricing missteps in response to inflationary pressures, and a poor performance from most of its operations during the first half, meant its shares lost almost half their value since this time last year.
While this is disappointing, I believe it has created a compelling buying opportunity for patient investors with a very favourable risk/reward.
Citi appears to believe this is the case. Its analysts currently have a buy rating and a $61.10 price target on Domino's shares. This represents almost 52% upside from the company's current share price of $40.21.
Motley Fool contributor James Mickleboro owns shares of Domino's Pizza Enterprises Ltd.
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Last
$36.07 |
Change
0.500(1.41%) |
Mkt cap ! $3.279B |
Open | High | Low | Value | Volume |
$35.90 | $36.22 | $35.71 | $9.425M | 261.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 677 | $36.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.10 | 574 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 35.670 |
2 | 41 | 35.600 |
2 | 42 | 35.570 |
2 | 562 | 35.560 |
1 | 1 | 35.540 |
Price($) | Vol. | No. |
---|---|---|
36.210 | 2464 | 1 |
36.220 | 1000 | 1 |
36.250 | 13 | 1 |
36.260 | 100 | 1 |
36.270 | 100 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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DMP (ASX) Chart |