Campbell Brothers (CPB) Stock Recommendation

ABN Amro have rated the Campbell Brothers (CPB) stock with a Buy recommendation and a share price target of $19.32 (lifted from $17.02) and the valuation has increased to $16.13 from $15.47. .The broker has noted that AGM comments have revealed that all company divisions continuing to perform well with earnings risk on the upside. Consequently, EBIT was lifted slightly. ABN Amro also notes that Campbell Brothers have a good earnings outlook for next year with the company indicating it plans to open a number of new lab sites. The company's strong balance sheet will allow for further acquisition opportunities.

Campbell Brothers Limited is listed on the Australian Stock Exchange (ASX) under stock code CPB. You can view their investor website here. The company is involved in the manufacture and distribution of consumer detergents, industrial cleaning agents, chemicals, non-food consumables and the provision of analytical laboratory services. Find out the meaning of the recommendations in this primer. Check your charts!