DJ Morgans has a Taste for Capilano Honey -- Market Talk 2340...

DJ Morgans has a Taste for Capilano Honey -- Market Talk

  2340 GMT [Dow Jones] Morgans suggests investors get stuck into Capilano Honey (CZZ.AU).
It initiates coverage of Australia's biggest honey producer with an add
recommendation and A$12.30/share target, arguing the company is benefiting from a strong
brand, market leadership, strong supplier relationships and a growing export business.
Analyst Belinda Moore says CZZ also is benefiting from consumer awareness of the health
benefits of consuming honey. She reckons the stock is attractively priced, trading at
10.4 times forecast FY16 earnings and a dividend yield of 4.8%, fully franked. CZZ is
currently buzzing 2.4% higher at A$10.10. ([email protected]; Twitter: @RobbMStewart)

  (END) Dow Jones Newswires
  March 12, 2015 19:40 ET (23:40 GMT)
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Friday 13 March 2015 10:40:00.000 AEST