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.
Ann: Trading Update, page-235
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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 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DMP (ASX) Chart |