CGS-CIMB analyst Wee Kuang Tay reiterated a Buy rating on Delfi (PEFDF – Research Report) yesterday and set a price target of S$1.65. The company’s shares closed last Monday at $0.96.
According to TipRanks, Kuang Tay is ranked #6545 out of 8350 analysts.
Delfi has an analyst consensus of Moderate Buy, with a price target consensus of $1.26, a 31.20% upside from current levels. In a report released on June 5, UOB Kay Hian also maintained a Buy rating on the stock with a S$1.71 price target.
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The company has a one-year high of $1.06 and a one-year low of $0.44. Currently, Delfi has an average volume of 19.73K.
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Delfi Ltd manufactures and sells chocolate confectionary products in southeast Asia. Its core markets are Indonesia, which accounts for more than two-thirds of the company’s sales, and the Philippines. The company also sells its products in Malaysia and Singapore. Petra’s flagship brands include SilverQueen, Ceres, Delfi, Goya, and KnickKnacks. The firm imports cocoa, a primary raw material, from cocoa farmers in Nigeria and Ivory Coast in Africa. Geographically, it generates a majority of its revenue from Indonesia.
