Broker puts $1.90 target price on My Food Bag
1 Apr, 2021 04:38 AM
3 minutes to read
Nadia Lim, shareholder and co-founder of My Food Bag. Photo / Ted Baghurst
NZ Herald
Jarden has initiated its research of My Food Bag with a buy rating and $1.90 target price - just above its $1.85 issue price. The valuation is in stark contrast to the $1.32 price put on the food delivery business by investment research company ShareClarity last week.
ShareClarity released its valuation in an email sent to Jarden Securities Direct clients last Thursday but then suspended its coverage hours later after its emerged Jarden was in the process of buying ShareClarity.