MOZ – Wilsons rates the stock as Buy

By Broker News | More Articles by Broker News

Wilsons notes the retailer’s revenues have been impacted by the bushfires, as well as broader difficult trading conditions. 

Updated revenue estimates show a decline in FY20 to $869.3m while operating profits are estimated to decline to $49.5m and $67.3m in FY20 and FY21 respectively.

The gross margins are estimated to be 59% in FY20 and the broker remains confident about management’s online strategy gaining momentum.

The broker retains its Buy rating with a Target Price of $3.43.

This report was published on January 14, 2020.

Sector: Consumer Durables & Apparel.

Target price is $3.43.Current Price is $1.76. Difference: $1.67 – (brackets indicate current price is over target). If MOZ meets the Wilsons target it will return approximately 49% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →