Aristocrat Leisure is forecast to grow earnings in FY18 at 18%, placing the stock on a forward yield of 2% and price to earnings ratio (PE) of 23x. Whilst, the stock is expensive, the valuation is supported by a “top tier” earnings growth profile.
Our Algo Engine triggered a buy signal in ALL on 28/7/17 at $19.83, the strong buying interest in yesterday’s session, (ALL went ex div $0.20), provides confidence that the upside momentum will continue.
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