The Costa Group Holdings Ltd (ASX: CGC) share price closed at $5.62 on Monday, a 2.9% increase from Friday after Goldman Sachs increased its target price.
Currently, Goldman Sachs has a buy recommendation in place for Costa Group.
Costa Group is one of Australia's main horticultural companies.It supplies fruit and vegetables to major retailers.
A large proportion of Costa Group's earnings come from citrus exports. Analysts believe that there is potential for the company to increase citrus exports to China, given the huge demand for citrus in Asia right now.
Dividends of $0.11c were reported this financial year, a 22% increase from last year. Analysts predict a 15% increase in dividends to $0.13c for the coming year.
Favourable recommendations and potential for growth have all contributed to the continuous rise of Costa Group's share price.