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Select Harvests Limited

( ASX:SHV ) - Food- Beverage & Tobacco

News

Harvest Time: Select Harvests Has Wide Support

Everyone likes almonds, but surprisingly few countries produce them in commercial volumes. This skewing of production is either a positive for local producers or maybe the opposite if they have to compete with the most producers with the greatest market clout which work together under the aegis of Blue Diamond, the century old Californian almond co-op and marketing exchange.

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Analyst Views

SHV – Morgans rates the stock as Hold

Morgans believes the company should achieve at least the top end of its pool price estimate of $8.10-8.50/kg, reflecting positive industry fundamentals and a falling Australian dollar. Morgans upgrades forecasts, given the company’s strong operating leverage to rising almond prices.

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