Emeco (EHL) Stock Recommendation

UBS has initiated coverage over the Emeco (EHL) stock with a Buy 2 recommendation with a share price target of $2.30. The broker expects demand to be strong over the next few years as mining capacity is expanded and new equipment is in short supply. Emeco is the largest player in Australia, Indonesia and Canada in the market for renting earthmoving equipment into the mining and civil construction industries. Emeco primarily focuses on renting used equipment into the mining industry. The stockbroker has a valuation of $2.20-$2.40 on the EHL stock.

Emeco Holdings Limited is listed on the Australian Stock Exchange (ASX) under stock code EHL. You can view their investor website here. EHL was listed on the ASX on 28 July, 2006. Emeco is involved in selling, renting and maintaining heavy moving equipment to customers in the mining industry in Australia and overseas. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Check your charts and good luck with your share trading!