Business
Is the Blackmores (ASX:BKL) share price in the buy zone // Motley Fool Australia
The Blackmores Limited (ASX: BKL) share price has been a particularly positive performer over the last month.
Since this time in October, the health supplements company’s shares have risen an impressive 18%.
Why is the Blackmores share price up 18% in a month?
Investors have been buying the company’s shares over the last few weeks following the release of its annual general meeting update.
That update revealed that Blackmores is on course to end its downturn and deliver profit growth in FY 2021. Though, management did explain that this profit growth would come predominantly from the second half of the financial year.
Another positive that went down well with investors was comments on its cost savings. Blackmores revealed…
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