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Michael Hill shares hit 3-yr high after trading update

Jenny Ruth
Tue, 20 Jul 2021

Michael Hill's stores have been severely disrupted by the covid pandemic (Image: Michael Hill)
Jenny Ruth
Tue, 20 Jul 2021
Shares in Michael Hill International rose to their highest level in three years after the company said on Friday it would match or better analysts' profit forecasts.Two analysts, Guy Hooper at Forsyth Barr and Lily Zhuang at Jarden, reiterated their respective "outperform" and "buy" recommendations after the company's trading update.Michael Hill shares rose as high as 99 cents, its highest level since July 2018, from 93c on Friday, and 87c at Thursday's close before closing yesterday at 97c.Zhuang, who has a one-...

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