buying RFG at $4.35, page-8

http://www.eurekareport.com.au/broker-alerts/all companies?page=5
UBS rates RFG as Buy

Monday, December 7, 2015 - 12:24

The company is in the process of re-locating two of its four coffee roasters into Asia to supply its offshore network. UBS notes the increased focus on coffee and international growth.

UBS suspects the company's acquisition frequency is likely to slow and indeed prefers to see smaller acquisitions in future to add to the strategy of licensing new territories.

The broker retains a Buy rating and lowers the target to $5.25 from $6.10 following a change of analyst. FY16-17 earnings are marked down 4-8%.

Target price is $5.25 Current Price is $4.51 Difference: $0.74
If RFG meets the UBS target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $5.00, suggesting upside of 9.2%(ex-dividends)
The company's fiscal year ends in June.

-FNArena
Market sentiment: 0.7
Companies: RETAIL FOOD GROUP LIMITED