Coates Hire (COA) Shares Recommendation

Deutsche Bank have rated the Coates Hire (COA) stock with a Buy Recommendation, all the while increasing their share price target from $5.72 to $6.65. The broker had reexamined their numbers following industry discussions and is now working on better growth in FY08 ahead of a slight downturn in FY09, all on a cyclical basis.

Coates Hire Limited is listed on the Australian Stock Exchange (ASX) under stock code COA. You can view their investor website here. The company is involved in the hire of equipment servicing the construction, resource, civil engineering and contracting industries and a range of industrial, commercial and government organisations. Check your charts!