Analysts upbeat about Scales lifting its apple game

Analysts upbeat about Scales lifting its apple game
Scales is acquiring orchards from Bostock group and selling two of its existing sites. (Image: Unsplash)
Rebecca Howard
Analysts are upbeat on Scales after it agreed a deal to snap up 240 hectares of largely premium variety orchards, a move that will improve its orchard mix. Forsyth Barr analysts now have a 12-month target price of $4.15, up from $3.95, while Jarden’s target price is also $4.15, up from $4.The shares were trading at $3.30 at Friday's close.Late last week, Scales (SCL) announced it had agreed to acquire a mix of owned and leased land from Bostock Group.The 240ha includes approximately 114ha of owned orchards and the assignment of a...

More Primary Sector

Whole milk powder prices fall 2.5%
Primary Sector

Whole milk powder prices fall 2.5%

Skim milk powder prices increased, however.

Dan Mathieson leaving Zespri a much bigger business
Primary Sector

Dan Mathieson leaving Zespri a much bigger business

He’s going to be Driscoll’s president of the Americas.

Fonterra’s consumer business difficult to operate in China, local CEO says
Primary Sector

Fonterra’s consumer business difficult to operate in China, local CEO says

Chinese premier Li Qiang visited Fonterra’s head office in Auckland on Saturday.

Fertiliser battle called off
Primary Sector

Fertiliser battle called off

Marnco has agreed to stop marketing its product as superphosphate.

Riley Kennedy 18 Jun 2024