Broker Upgrading Earnings
New High Estimates (from yesterday)
FY14 High EPS from 40.6 to 47.7.
FY15 High EPS from 45.7 to 49.5
FY15 pe at last nights close (6.12) using high estimate = 12.36
I don't know who the broker is as I've sourced my info from http://www.reuters.com/finance/stock...?symbol=SKT.NZ
You may ask why I don't use mean estimates? I think these are out of date since it was only 2 days since their half year result and brokers are have yet to revisit the results and release new broker reports.
DISC: Long SKT
This is not advice to buy.