NASDAQ:AMRN

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  • Bell Potter Sees 36% Upside in Select Harvests Shares on ASX 300
    May 28, 2026, 6:52 PM EDT. Select Harvests Ltd (ASX: SHV) shares rose 8% to $3.90 after Bell Potter maintained a buy rating with a $5.30 target price, implying 36% upside over 12 months. Despite first-half FY2026 earnings below forecasts due to timing of third-party processing and value-added products (VAP) revenue, underlying net profit after tax (NPAT) rose 8% year-on-year to A$29.1 million. Bell Potter highlighted a crop forecast of 28,000-31,000 tonnes for FY26, share buyback of up to 10%, resumption of dividends, and plans to expand processing capacity to 65,000 tonnes, targeting A$700 million revenue by FY2030. The broker noted tightening almond supply in California supports a favorable pricing environment through FY26-28, underpinned by cost controls and growth initiatives.