SUL – Citi rates the stock as Buy

Citi notes a strong result was delivered amid gross margin expansion in FY21. A high level of inventory was procured as a response to ongoing supply chain disruptions, while capital expenditure guidance has been lifted as the store network is built out.

Buy rating and $14.40 target price.

Sector: Retailing.

 

Target price is $14.40.Current Price is $13.20. Difference: $1.20 – (brackets indicate current price is over target). If SUL meets the Citi target it will return approximately 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

 

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