UBS has upgraded Retail Food Group Limited (RFG) to Buy from Neutral following a revised lift in earnings forecasts for the upcoming few years

UBS has upgraded Retail Food Group Limited (RFG) to Buy from Neutral following a revised lift in earnings forecasts for the upcoming few years. This has led to an increase in the stockbroker's price target, to $4.70 from $4.40 (current price $4.37), triggering the upgrade in rating to Buy from Neutral. If RFG meets the UBS target it will return approximately 8% (excluding dividends). At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.85.