A2M 1.67% $6.70 the a2 milk company limited

Hi 36,Most analysts have a AUD $12 price target (say at 30/6/19)...

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    Hi 36,

    Most analysts have a AUD $12 price target (say at 30/6/19) for A2M and in calculating that target they have assumed year on year growth of 30% which is aggressive.

    Thus the current share price has 30% year on year growth built into it and is probably the reason why the share price is stalling at 11.70, because its near the 12 dollar target.

    I don't short shares but shorters' may see this as an opportunity to short because there is not much upside at this point in time.

    We need A2M to have a new growth initiative, to move the target price up.  e.g. winning BIGGER than assumed  market share in US.

    I am stuck with some shares at 12.01 and I will just have to wait it out on that batch.  Bought them on FOMO.  I never learn.

    Think in the medium term 30% growth can be exceeded.
 
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Last
$6.70
Change
0.110(1.67%)
Mkt cap ! $4.843B
Open High Low Value Volume
$6.64 $6.77 $6.64 $12.36M 1.844M

Buyers (Bids)

No. Vol. Price($)
2 10812 $6.69
 

Sellers (Offers)

Price($) Vol. No.
$6.70 12740 3
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Last trade - 16.10pm 04/07/2024 (20 minute delay) ?
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