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GLANBIA

  • 01-04-2014 10:32pm
    #1
    sly_dog
    Banned (with Prison Access) Posts: 5 ✭


    while this stock has obviously risen by an incredible amount this past two years , nearly 150% , its PE ( 21 ) is much lower than the countries other food business multinational Kerry

    its constantly beat earnings this past half dozen quarters and appears to have strong growth potential so I think its 20 plus PE is justified yet it has been pretty range bound for six months now

    anyone have a year end price target or know of one issued by the various investment houses


Comments

  • #2
    delux
    Registered Users, Registered Users 2 Posts: 153 ✭✭delux


    I wouldn't like to buy personally at this price. It makes €176m/year. If you were to buy the company at the current share price it would be €3.2b. So 18 years to get your money back?
    I'd be willing to take 15 years allowing for future growth to bring it down towards 10. That would suggest a good price of about €9 per share for me.


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