UBS analyst Apoorv Sehgal downgraded Tassal Group Limited (TSLLF – Research Report) to a Hold today and set a price target of A$5.23. The company’s shares closed last Tuesday at $3.48.
According to TipRanks, Sehgal is a 3-star analyst with an average return of 2.8% and a 50.00% success rate. Sehgal covers the Basic Materials sector, focusing on stocks such as Tassal Group Limited, Select Harvests, and Ridley Corporation Limited.
Currently, the analyst consensus on Tassal Group Limited is a Hold with an average price target of $3.52.
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The company has a one-year high of $3.72 and a one-year low of $2.19. Currently, Tassal Group Limited has an average volume of 1,473.
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Tassal Group Ltd is an Australia-based integrated Salmon grower and Salmon and Seafood processor, seller and marketer. Its activities are to farm, process, market and sell salmon and to procure, process, market and sell other seafood species. Its Salmon products include a Fresh deli, Fresh packaged Salmon, Smoked Salmon and Roasted Salmon. The company operates under the business segments of Domestic and Export market. In the Export market segment, the company exports its products to the international markets. It derives maximum revenue from the domestic segment, which relates to the marketing of products in Australia.
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