Dyno Nobel (DXL) Stock Recommendation

ABN Amro have rated the Dyno Nobel (DXL) stock with a Buy rating with a share price target of $2.80. The company's profit was US$4.4 million higher than their forecast with strong volumes accounting for the better than expected outcome. Because of this unexpected outcome, the broker has raised their full year forecast by 8 percent to US$90 million. On the other hand, Deutsche Bank have rated the company shares as a Hold with a share price target of $2.40. Another broker has given Dyno Nobel an Overweight recommendation with a share price target of $2.85. Macquarie has rated DXL with Outperform and a share price target at $2.73. Merrill Lynch have rated the stock with Neutral, Medium Risk and finally, SB Citigroup have recommended the stock as a Hold, High Risk with a stock price target of $2.70.

Dyno Nobel Limited is listed on the Australian Stock Exchange (ASX) under stock code DXL. You can view their investor website here. The Company is a manufacturer and distributor of commercial explosives in North America and Australia. The company listed on the ASX on 7 April, 2006. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Have a read of other Dyno Nobel (DXL) stock recommendations. Check your charts and good luck with your share trading!