UBS notes press speculation there is potential interest in the company’s malt division. The division is currently scheduled to be de-merged after the FY19 results in November.
The broker continues to believe that either divestment or de-merger would unlock value. UBS reiterates a Buy rating and $9.65 target.
Sector: Food, Beverage & Tobacco.
Target price is $9.65.Current Price is $8.40. Difference: $1.25 – (brackets indicate current price is over target). If GNC meets the UBS target it will return approximately 13% (excluding dividends, fees and charges – negative figures indicate an expected loss).
