Are Blackmores a buy?

Are Blackmores (BKL) considered a good value buying oppurtunity at present?

A: Thanks for the question.

Tony Featherstone suggested that Blackmores were worth considering a couple of weeks back, and I agree.

That said, they are not a “must have” stock, and their recent full year result and sales outlook left some disappointment in the marker. They have lost a little bit of market credibility.

According to FN Arena, the brokers remain essentially positive on the stock (sentiment +0.5 on scale of -1.0 is most negative, to +1.0 is most positive). The consensus target price is $147.22. The stock is trading on somewhat healthier multiples – 19.1 times FY17 forecast earnings, 16.0 times FY18 earnings.


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