Amcor is now under Algo Engine buy conditions, following the higher low formation at $15.75.
Looking out to FY20 we have Amcor generating a combined revenue of $13.5bn, EBIT $1.65bn, delivering 8% EPS growth and trading on a 4.4% yield.
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We see value at $15, however, with the defensive nature of the Amcor business, buying interest is likely to build closer to $15.50.
