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Investing.com - Canaccord Genuity initiated coverage on SPC Global Holdings (ASX:SPG) with a Buy rating and a price target of AUD0.85.
The research firm views SPG as a leading Australian food and beverage business formed through the merger of SPC, The Original Juice Co, Nature One Dairy and Natural Ingredients in late 2024.
Canaccord Genuity highlighted the company’s substantial manufacturing assets, expertise in healthy and innovative food and beverage offerings, and broad distribution channels across both domestic and international markets, with group earnings approximately evenly split between the two regions.
The firm noted that SPG possesses operational scale, a strong brand portfolio, and significant immediate cost synergy opportunities following the merger.
According to Canaccord Genuity’s analysis, if the strategy laid out by SPG’s refreshed Board and management team is executed successfully, the company could potentially double its EBITDA over three years, creating strong equity valuation upside.
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