Citi Research retains neutral rating for Michael Hill International (ASX:MHJ)

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Citi Research retains neutral rating for Michael Hill International (ASX:MHJ)

Citi Research has retained the ‘neutral’ rating and price target at A$0.75 on Australian jewellery retailer Michael Hill International Limited (ASX:MHJ).

As per refinitiv the Company is getting an advantage from positive retail conditions and improvement strategies. It anticipates FY21 sales and core net profit to rise to A$567.1 million and A$44.2 million, respectively, from A$492.1 million and A$15.1 million in FY20. 

Meanwhile, the stock was spotted trading at A$0.685 per share, with market capitalisation at A$271.58 million at 12:24 AM AEDT. 

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