I keep seeing recommendations telling me that BRG is over fair value. I thought I should consider selling some, because it's grown to 20% of my portfolio. (That's partially because BRG has done really well, and partially coz there are a lot of dogs sleeping or dying in there.)
So I had a look at recommendations on Commsec, and see Goldman Sachs has a $31 target, whereas Morningstar has $18. Morningstar seem to have always called BRG overpriced (whilst increasing their targets!), but to drop from $30 to $18 seems they're prophesying a disaster?? If I was to look for advice, I think Goldman Sacs has more credibility. And since it seems that it's only some Morningstar analyst that has a grudge with Breville, I think I'll just enjoy the ride.
BRG Price at posting:
$26.62 Sentiment: Buy Disclosure: Held
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