BXB – UBS rates the stock as Buy

By Broker News | More Articles by Broker News

A recent survey of investors found margins are considered to be either the most or second most important driver of Brambles’ share price by 84% of respondents. The broker notes pallet rental prices are rising, new pallet prices have increased, timber and transport costs are now falling having risen 35% last year, and new contract wins suggest volume momentum.

As a result the broker has increased its margin assumptions and its target to $13.30 from $12.10. Buy retained.

Sector: Commercial & Professional Services.

Target price is $13.30.Current Price is $11.98. Difference: $1.32 – (brackets indicate current price is over target). If BXB meets the UBS target it will return approximately 10% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →