Credit Suisse 17/06/2010 1 Outperform $8.50 53.2%
Credit Suisse says it is continuing to see upside risk to risk to 2H10 receivals numbers, citing a solid outlook for 2010 winter crop production based on the latest Australian Crop Report.
The broker also says an increase in export bookings from early May and other positive anecdotal evidence from traders is giving it further confidence.
With the broker firmly of the belief the company is in a good earnings position over the medium term, the Outperform call is maintained.
Target price is $8.50 Current Price is $5.59 Difference: $2.91
If GNC meets the Credit Suisse target it will return approximately 52% (excluding dividends, fees and charges).
my 2 cents worth, page-25
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Last
$9.07 |
Change
0.140(1.57%) |
Mkt cap ! $2.034B | |||
| Open | High | Low | Value | Volume |
| $9.00 | $9.13 | $8.99 | $11.29M | 1.244M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5233 | $9.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.08 | 1759 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| GNC (ASX) Chart |