Date of Data Capture: 25/06/2021
Name: THE A2 MILK COMPANY LIMITED (A2M)
Classification: Dairy Food Producer
Current Price: $6.10
Market Capitalisation: $4.53 B
Forecast EBITDA Growth: 90.91%
Yield Estimate: 0%
Consensus Price Target: $7.44
# Covering Analysts: 8
Discount at Current Price: -31.31%
Price Target Trend (3-Month): Flat-Down -28.80%
Signal Timeframe: Monthly-Weekly-Daily
Trend Bias: Up-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
• This is spilt milk you can cry about - but here we see a potential recovery on strong forecasting, and with the recent end of China’s one-child policy, A2M could have the formula for success.
• Despite performing strongly for years, trading conditions soured quickly in 2020, with sales, profits and earnings collapsing, but a robust recovery is expected to continue out to 2023.
• Pricing should churn higher from here, but you may want to cream some profits under $10, major linear resistance broke 2 weeks ago with positive momentum across multiple timeframes.
Support ($): 6.00, 5.75, 5.50, 5.25 & 5.00.
Resistance ($): 7.00, 8.00, 10.00, 12.00 & more.