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
Indicators:
Short-term:
Positive
Medium-term:
Positive
Long-term:
Positive
Recommendation:
Buy
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.
