LOGIN JOIN SHARECAFE SIGN UP FOR OUR NEWSLETTER ADVERTISE
share cafe logo  
 
SHARECAFE COMMENTARY

GNC - Macquarie rates the stock as Neutral
BY BROKER NEWS - 17/07/2017 | VIEW MORE BROKER UPDATES

Get More Commentary, Discussion & Market Information On -

GNC - GRAINCORP LIMITED


New growth initiatives have been announced for the next 6-12 months and Macquarie believes these are clear drivers for the share price, although the near-term catalyst of beating the top end of net profit guidance has largely diminished.

The broker expects the stock to be range bound heading into the September result in the absence of this potential to beat guidance. Longer term, Macquarie expects contributions from strategic initiatives will cushion the business against seasonal adversity. Neutral rating and $10 target retained.

Sector: Food, Beverage & Tobacco.

Target price is $10.00.Current Price is $9.19. Difference: $0.81 - (brackets indicate current price is over target). If GNC meets the Macquarie target it will return approximately 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).



View More Broker Updates

FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve.




The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

RECENTLY ADDED TO SHARECAFE


 › Friday At The Close
 › Neutral Madness
 › The Competitive Advantage Of A 'Customer Moat'
 › Defend Your Portfolio With These Small Caps
 › Market At Midday On Friday
 › Labour Market Begins To Boom
 › Re-Charged Jervois Starts Its Engine With One Eye On The Battery Space
 › Downer 'Greenmails' Spotless Shareholders
 › Old Problems For New Age Netflix?
 › Next Week At A Glance
 › FBU - Credit Suisse rates the stock as Outperform
 › S32 - Citi rates the stock as Neutral
 › JHX - Deutsche Bank rates the stock as Buy
 › The Overnight Report: Time Out
More ShareCafe   

GET THE SHARECAFE BREAKFAST BRIEFING


Delivered free to your inbox before the market opens each trading day. Sign up below +

SHARECAFE VIDEO


View More Videos