Citi reiterates a Buy rating and believes the stock can outperform the broader discretionary retail sector on the back of the housing cycle.
There are also a number of longer-term growth opportunities including the trade channel and international expansion, which the broker believes may be under appreciated.
Sector: Retailing.
Target price is $2.21.Current Price is $2.02. Difference: $0.19 – (brackets indicate current price is over target). If BLX meets the Citi target it will return approximately 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).
