interesting take below but the SP has been falling lately almost getting below $4 again now - Hoping it is profit taking and will steady again over $4.10. Seems that when the general market goes up this stock goes down !
WiseTech Global Ltd (ASX: WTC)
Bell Potter has initiated coverage of WiseTech with a buy recommendation and a 12-month price target of $5.20. This is around 20% higher from the current share price and more than 55% from the April $3.35 IPO price.
For those investors unfamiliar with WiseTech, it is a company that provides integrated software solutions to the logistics services industry and boasts 19 of the 20 largest global logistics service providers as customers.
WiseTech’s key competitive advantage over other providers is that its single, integrated platform enables key logistic transactions to be executed from one place, saving customers time and money.
Bell Potter is confident that the company can deliver exceptional earnings growth and is forecasting earnings per share to grow by 23% in FY16 before exploding by 92% in FY17.
WTC Barchart.com estimate, page-17
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Last
$127.09 |
Change
2.220(1.78%) |
Mkt cap ! $42.50B | |||
| Open | High | Low | Value | Volume |
| $126.09 | $127.78 | $125.58 | $50.50M | 397.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $127.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.48 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WTC (ASX) Chart |