Not much in the way of broker coverage on this one. Stock Doctor cover it and have a price target of $5.50. They are forecasting FY12 EPS of 56c.
Latest company guidance is for EPS of 50-55cps which I would say is well and truly in the bag as they had already earnt 23cps in the 4 months to October 2011.
Given CCP appears to be in an earnings upgrade cycle I wouldn't be surprised to see their earnings forecast tweaked a bit when the interims are released next month.
As you say, technically it is looking good after a bit of consolidation where we are now I am looking for a push to $5 maybe when the results come out next month (pending EU sticky tape holding together).
CCP Price at posting:
$4.46 Sentiment: Buy Disclosure: Held
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