Analysists i've noticed haven't wanted to make a call on this stock since it's huge drop, and appearing neutral for the past few Months.
Happy to see an upgrade to "buy" status as of last 2 days..
For me it's still a hold and see.
We've seen price has been held up to the $1 range via CEO accumulating anytime it had dropped into mid 90's, so risk of it going much lower has been limited..
The big movement catalyst coming up is their Harvest Estimate report for this season, which is due to come out in the next few weeks (end of October last year)..
I have no doubt in my mind this will be a fantastic report. Huge tonnage harvested. Record/outstanding profits expected.. massive profits in comparison to current SP..
Will it get the share price moving upwards and the SP closer to the value's some have put on it of upwards of $1.50 to $2.00?
I hope so.. but we'll wait and see..
- Forums
- ASX - By Stock
- DFM
- NABtrade Reseach upgrade to Buy
NABtrade Reseach upgrade to Buy
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)