TIM 0.00% 4.4¢ timbercorp limited

broker has buy

  1. 1,035 Posts.

    ABN Amro initiated coverage of the agribusiness investment manager on Tuesday with a "buy" recommendation and an 86¢ price target, a 30¢ premium to the current share price. The shares were down 2¢ at 56¢ in early afternoon trade. The broker said Timbercorp reaps annuity style earnings, which provide a greater stability of income to it's rivals. And the shares were "good value" for investors who sought exposure to the agribusiness sector, which had been impacted by negative sentiment in recent years.
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Currently unlisted public company.

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