Synlait Milk instead of A2?

Instead of buying A2 Milk what is your opinion of Synlait milk who supply the ingredient? Any advice much appreciated

 

A: Thanks for the question.

As a NZ Company, I don’t follow Synlait Milk (SM1) that closely.

According to FN Arena, of the 3 major brokers that cover the stock, there are 2 neutrals and 1 sell recommendation. The sense is that most of the good news is already in the price. Broker targets range from NZ$4.74 to NZ$5.80 per share.

 

Regards


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