Like-for-like sales growth appears to have accelerated up until March on the back of strong demand for remote workstations and home appliances.
However, given the developments Morgan Stanley notes a risk that stores may be closed for an uncertain period of time in the near future and the company has withdrawn guidance as a result.
Significant headroom exists in facilities, the broker points out, while liquidity is likely to be the focus for investors across the retail sector.
Equal-weight. Target is $39. Industry view: Cautious.
Target price is $39.00.Current Price is $24.61. Difference: $14.39 - (brackets indicate current price is over target). If JBH meets the Morgan Stanley target it will return approximately 37% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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