Date of Data Capture:
07/04/2021
Name:
SELECT HARVESTS LIMITED (SHV)
Classification:
Food Processing
Current Price:
$6.30
Market Capitalisation:
$754 M
Forecast EBITDA Growth:
22.77%
Yield Estimate:
2.97%
Consensus Price Target:
$7.20
# Covering Analysts:
5
Discount at Current Price:
-14.29%
Price Target Trend (3-Month):
Flat-Down -1.91%
Signal Timeframe:
Quarterly-Monthly-Weekly
Trend Bias:
Up-Down / Long-Medium
Indicators:
Short-term:
Positive-Neutral
Medium-term:
Positive
Long-term:
Positive
Recommendation:
Buy
Focus:
Capital Growth
Set up Notes:
• Almond grower and health food producer SHV could be coming out of its shell here, breaking through linear resistance with fresh strength, good momentum and robust forecasting.
• A strong 2019 gave way to a weak 2020 with falls in sales, margins and earnings, but analysts carry a majority positive consensus, predicting a stronger recovery next year and out to 2023.
• Pricing shows a huge uptrend topping out in early 2020, before being cut in half throughout last year, major linear resistance broke last month, setting up targets much higher above.
Support ($): 6.00, 5.75, 5.50, 5.25, & 5.00
Resistance ($): 6.50, 7.00, 8.00, 9.00 & clear.
