Seizing on growth opportunities rewarded with an ‘outperform’ rating.
Forsyth Barr has rewarded listed industrial design and manufacturing company Skellerup with an ‘outperform’ rating for seizing on, and expanding to meet, global demand for its products.
Forbar’s Guy Hooper said
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Stock Takes: Trading in NZX shares under investigation
22 Apr, 2021 05:00 PM
6 minutes to read
One issue with trading in NZX Ltd shares has been referred to the FMA and another is under review. Photo / File
One issue with trading in NZX Ltd shares has been referred to the FMA and another is under review. Photo / File
Under investigation
Monitoring of trading in the shares of stock exchange operator NZX and its related entities has resulted in one referral to the Financial Markets Authority, while a second matter remains under review. The issues were revealed last week as part of the annual report of the NZ Markets Disciplinary Tribunal.
My Food Bag share price will recover, analysts say stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Firm gives recently listed stock outperform rating.
My Food Bag has attracted the attention of Forsyth Barr’s analysts, as the firm announced Friday afternoon it had initiated coverage of the recently listed stock with an “outperform” rating.
Forsyth Barr analyst Guy Hooper initiated coverage with a 12 month target price of $1.85 per share, according to a research report released today entitled “A Winning Recipe?”.
My Food Bag floated on the NZX on March 5 at an IPO price of $1.85, near the top of its indicated range and for price-to-earnings ratio of 22.4 times its forecast 2022 financial year earnings. The price valued the company at
Nesting has been a big theme in the lead-up to Christmas, with furniture, DIY and renovation items reflecting the buoyant housing market. Retailers around the country are reporting strong sales. In bustling Mount Maunganui, Steve Ellingford, centre manager of Bayfair shopping centre, said there was a real sense of celebration in the air. ‘’October and November have been bumper months and December’s looking the same. ‘’As far as retailers are concerned, I would suggest they’ll be very happy.’’
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Chess sets are expected to be a hot item this Christmas, inspired by hit show The Queen’s Gambit.