Morgans upgrades Bega Cheese Limited (B6G) to a Buy
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Moore covers the Consumer Defensive sector, focusing on stocks such as Elders Limited, a2 Milk Company, and Treasury Wine Estates Limited. According to TipRanks, Moore has an average return of 5.1% and a 55.17% success rate on recommended stocks.
Bega Cheese Limited has an analyst consensus of Moderate Buy, with a price target consensus of €3.64, a 19.74% upside from current levels. In a report released on June 17, Macquarie also maintained a Buy rating on the stock with a A$6.40 price target.
Based on Bega Cheese Limited's latest earnings release for the quarter ending December 29, the company reported a quarterly revenue of €1.78 billion and a net profit of €30.2 million. In comparison, last year the company earned a revenue of €1.73 billion and had a net profit of €26.5 million
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