Bell Potter analyst Leo Armati maintained a Buy rating on Step One Clothing Limited today and set a price target of A$1.25. The company’s shares closed last Friday at A$0.69.
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According to TipRanks, Armati is a 2-star analyst with an average return of -1.3% and a 50.00% success rate.
Currently, the analyst consensus on Step One Clothing Limited is a Moderate Buy with an average price target of A$1.40, implying a 104.38% upside from current levels. In a report released on July 25, Morgans also maintained a Buy rating on the stock with a A$1.50 price target.
Based on Step One Clothing Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$48.12 million and a net profit of A$8.18 million. In comparison, last year the company earned a revenue of A$45.05 million and had a net profit of A$7.11 million
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