Australia's Retail Food rises as Bell Potter lifts PT

Retail Food

04/12/2023 03:34

** Shares of Australia's Retail Food Group  RFG.AX  rise as
much as 3.2% to A$0.064 to hit their highest since Nov. 20
    ** Analysts at Bell Potter slightly lift PT on the hotel
chain operator by 8% to A$0.13; maintain "Buy" rating
    ** Brokerage estimates co's recent Queensland cafe business
acquisition to add a full year revenue of A$21 mln ($14.00
million) and EBITDA of A$2.8 mln
    ** Says co will see EBITDA rise of around 10% and EPS
accretion of 8% across fiscal 2025
    ** Stock has fallen 22.5% this year as of last close


($1 = 1.4995 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))