Argonaut expects a rebound after 49¢ low
Analysts at Argonaut have come out strongly in favour of Empired as the company’s shares hover around their 12-month low of 49¢. Argonaut’s price target of 90¢ represents a premium of 56 per cent to Monday’s opening price of 57.5¢.
Analysts at Argonaut have come out strongly in favour of Empired as the company’s shares hover around their 12-month low of 49¢. Argonaut’s price target of 90¢ represents a premium of 56 per cent to Monday’s opening price of 57.5¢.
Despite delivering revenue growth of 19 per cent in the six months to December 31, 2013 underlying earnings before interest, tax, depreciation and amortisation were only $1.7 million.
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