8 analysts had a share price target of $12.83. FNArena broker...

8 analysts had a share price target of $12.83.
FNArena broker call:
3 August 2018 Macquarie Neutral Price Target $13.80
26 July 2018 Morgans Hold Price Target $13.00
12 July 2018 Citi Downgrade to Neutral from Buy Price Target $14.25
20 June 2018 Ord Minnett Lighten Price Target $11.50

Management is guiding for 'softer conditions' and has cut its dividend. Market is reacting to this. Still heavily shorted (7.68%). Management is now reliant on the success of it's 'Protect and Grow' strategy rather than growth through acquisition/s. Now the largest player with 33% market share it is doubtful regulator will allow further acquisitions in major cities. Recent acquisitions have been in regional centres, where their major competitor Propel Funeral Partners (PFP) operate.