Ansell is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
ANN made a higher low formation at $22 and we see the potential for the stock to trade higher based on supportive macroeconomic data and moderation of raw material prices.
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At 15x forward earnings and 3.2% dividend yield, the valuation is below historical averages. 2019 EPS growth should be around 6 – 8%.
