Analysts still cautiously upbeat on Delegat Group

Analysts still cautiously upbeat on Delegat Group
Delegat Group expects global wine case sales to be down 1.7% on last year. (Image: Delegat)
Rebecca Howard
Analysts remain cautiously upbeat on Delegat Group after the winemaker downgraded its volumes and earnings guidance.Jarden lowered its 12-month target price to $10.70 versus a prior view of $11.80. However, it retained an overweight rating.The stock was trading at around $7.20 late Friday. It has shed 27% over the past 12 months.Forsyth Barr doesn’t provide a target price or investment rating for Delegat (DGL).Lower guidanceDelegat now expects global case sales of 3,614,000 cases for the 2024 year, down 1.7% on last year an...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024