Business
Why Elders, Jumbo, Northern Star, & PolyNovo shares are charging higher // Motley Fool Australia
In early afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to finish the week on a disappointing note. The benchmark index is currently down 0.5% to 6,386.8 points.
Four shares that have not let that hold them back are listed below. Here’s why they are charging higher:
The Elders share price has climbed 2% to $11.61. This appears to have been driven by optimism that the agribusiness company is going to deliver a strong full year result next week. One broker that is tipping Elders to achieve this is Goldman Sachs. This morning its analysts suggested Elders could deliver earnings per share 8% ahead of the Bloomberg consensus estimate. It expects this to be driven partly by the execution of the backward integration…
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