0036 GMT - Bega Cheese is advancing toward a target of A$250 million of Ebitda by FY 2028, and Bell Potter sees the potential for a stepchange in its share price as these efforts take hold. Bega Cheese's latest move involves consolidating its Strathmerton cheese processing and packaging operations into its existing site in Bega. Bell Potter has a buy call on Bega Cheese and a A$7.00/share price target, but thinks momentum could propel it higher. "If successful in delivering on these initiatives and sustaining its historical 10-year average trading multiple then the upside remains compelling, with a likely target of A$8.00-A$8.50/share," analyst Jonathan Snape says. Bega Cheese is down 0.2% at A$5.92. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 07, 2025 20:36 ET (00:36 GMT)
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