The company has indicated FY22 has commenced with existing businesses in line and record profitability likely to be boosted by DTC and Zetron.
The the pandemic boosted FY21 revenue by $15-20m and the current year should benefit from the launch of the GPX6000 detector in developed countries.
Macquarie reduces the target to $15.20 from $17.50 to reflect a lower organic growth outlook in the core detection business. Outperform maintained.
Sector: Technology Hardware & Equipment.
Target price is $17.50.Current Price is $10.95. Difference: $6.55 – (brackets indicate current price is over target). If CDA meets the Macquarie target it will return approximately 37% (excluding dividends, fees and charges – negative figures indicate an expected loss).
