The upcoming result will provide a “signpost”, the broker suggests that could lead to positive consensus re-rating. To achieve this, targeted wine cost and debt reductions must have occurred. The most important factor in the result, however, will be the outlook statement, the broker says.
Target price is $7.15. Current Price is $6.84. Difference: $0.31 – (brackets indicate current price is over target). If FGL meets the ABN Amro target it will return approximately 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).