Invest in this ASX 200 Stock for an 11% Gain and 4%+ Dividend Yield
If you're on the hunt for a blend of market-beating gains and an attractive dividend yield , it might be time to consider the ASX 200 stock highlighted in this article. Analysts at Bell Potter believe this stock is undervalued at its current levels and is poised to deliver robust returns for investors over the next 12 months. Image Credit: Pexels Which ASX 200 Stock? The stock in focus is Elders Ltd ( ASX: ELD ) , a leading agribusiness company. Bell Potter notes that Elders’ shares have underperformed recently due to skepticism about its ability to meet its guidance. However, the broker believes these doubts are misplaced and that Elders is well-positioned to achieve its targets. Recent Performance and Analyst Outlook Bell Potter highlighted that Elders' share price has stagnated following the release of its 1H24 results, where the FY24 earnings before interest and taxes (EBIT) guidance of $120-140 million was reiterated. This implies a 2H24 EBIT of $82-102 million, compared t...