Date of Data Capture:
09/10/2020
Name:
PINNACLE INVESTMENT GRP LTD (PNI)
Classification:
Investment Services
Current Price:
$5.32
Market Capitalisation:
$923 M
Forecast EBITDA Growth:
18.68%
Yield Estimate:
2.96%
Consensus Price Target:
$6.08
# Covering Analysts:
4
Discount at Current Price:
-14.29%
Price Target Trend (3-Month):
Up-Flat +20.16%
Signal Timeframe:
Quarterly-Monthly-Daily
Trend Bias:
Up-Flat / Long-Medium
Indicators:
Short-term:
Positive
Medium-term:
Neutral
Long-term:
Positive
Recommendation:
Buy
Focus:
(Dividend Income) & Capital Growth
Set up Notes:
• Investment Manager PNI was on a good track to recovery prior to the Covid slump, but with strong performance and forecasting they seem like a good opportunity here on fresh strength.
• Showing steady sales, earnings and profits growth since 2017, the company even managed to produce positive growth this year, with greater returns expected going forward.
• Breaking out of linear downtrend in Feb 2020 and rallying 35% in 3 weeks, before Covid pulled values down 60% by March – linear resistance has been rebroken since and it could be setting up another potential long-term uptrend here.
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Support ($): 5.25, 5.00, 4.75, 4.50 & 4.00
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Resistance ($): 5.50, 6.00, 6.50, 8.00 & clear.
