Summerset climbs to record as First NZ upgrades stock

Tue, 13 Mar 2018

By Rebecca Howard March 13 (BusinessDesk) - Summerset Group shares rose to a record after the stock was upgraded by First NZ Capital, which has been impressed by the retirement village operator's development capability. The stock rose as high as $6.90 and was recently up 6.7 percent to $6.87 after FNZC analyst Arie Dekker raised his rating to 'outperform' from 'neutral' and lifted the target price 27 percent to $7.37. Dekker said in a note to clients the upgrade was due to an uplift in the amount of value attributed to future development...

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