Date of Data Capture: 09/04/2020
Name: AUSTAL LIMITED (ASB)
Current Price: $3.12
Market Capitalisation: $1.11 B
Forecast EBITDA Growth: 20.74%
Yield Estimate: 2.15%
Consensus Price Target: $3.85
# Covering Analysts: 6
Discount at Current Price: 23.40%
Price Target Trend (3-Month): Up-Flat -9.62%
Signal Timeframe: Monthly-Weekly-Daily
Trend Bias: Up-Down / Long-Short
Focus: Dividend Income & Capital Growth
Set up Notes:
• Our favourite local shipbuilder has gone from gargantuan gains to titanic tumbles as the price pulls back from all recent all-time highs, reached by strong performance, but is now rallying up off old support with strong outlook remaining.
• Performance has been excellent for years as strong sales and margin growth drove earnings and yield higher, and we expect them to resume their old course once current squalls are over.
• Another strong name squashed in the general market panic, current levels should be an excellent entry here with pricing bouncing off strong support, with plenty more below.
Support ($): 3.00, 2.75, 2.50, 2.25 & 2.00.
Resistance ($): 3.50, 4.00, 4.50, 5.00 & clear.