Date of Data Capture: 24/09/2020
Name: AUSTRALIAN AGRICULTURAL (AAC)
Classification: Beef Farming
Current Price: $1.15
Market Capitalisation: $693 M
Forecast EBITDA Growth: 53.97%
Yield Estimate: 0%
Consensus Price Target: $1.40
# Covering Analysts: 1
Discount at Current Price: -21.74%
Price Target Trend (3-Month): Flat +0%
Signal Timeframe: Quarterly-Weekly-Daily
Trend Bias: Flat-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
• Thin analyst coverage could make this stock extra volatile, but also means it is mostly unseen - giving it plenty of opportunity to surprise the market as the stock begins to recover strength on improving market conditions and forecasting.
• Mixed performance in recent years (and current adverse global conditions) gives us the long-term recovery opportunity in front of us, with strong margins and earnings growth out to 2023.
• Price shows the stock bouncing off strong $1.00 support in August, breaking linear resistance, and is now setting up a test of higher resistance here, with plenty of historical targets overhead.
Support ($): 1.10, 1.00, 0.95 & 0.90.
Resistance ($): 1.20, 1.30, 1.40, 1.50 & 2.00.