Macquarie resumes coverage following a $90m capital raising, with an Outperform rating and $4.64 target.
The broker believes the company is well-placed to capitalise on the growing renewable sector and other infrastructure projects, also benefiting from any improvement in the resources sector.
Sector: Capital Goods.
Target price is $4.64.Current Price is $4.25. Difference: $0.39 – (brackets indicate current price is over target). If RCR meets the Macquarie target it will return approximately 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).