Premier Investments has refreshed its global roll-out strategy for Smiggle over recent years, with fewer stand-alone retail stores and more online and wholesale stores.
UBS is positive about the outlook for the global roll-out and assesses there is potential upside to medium-term forecasts in terms of margins and wholesale.
The business continues to execute well across all its brands and the broker maintains a Buy rating and $20.95 target.
Sector: Retailing.
Target price is $20.95.Current Price is $19.13. Difference: $1.82 – (brackets indicate current price is over target). If PMV meets the UBS target it will return approximately 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).
