Brambles (BIL) Stock Recommendation

Macquarie Research Equities (MRE) have reiterated their Outperform stock recommendation for Brambles (BIL) shares with a 12 month share price target of $13.10. MRE has commented about Brambles that: "The perfect plant concept appears to be gaining momentum with cost reductions, quality improvements and time efficiencies noted by a number of industry sources. Encouragingly, a number of respondents also noted that the number of stray CHEP pallets (ie outside the pool) continues to decline. The outlook for CHEP Americas remains very encouraging. MRE’s survey arguably highlights its strong strategic positioning in the US and a high level of earnings certainty." The stock analyst recognises the stock as one of the better performers on the ASX this year (2006) returning some 16 percent compared to the 5 percent from the S&PASX 200 indice.

Brambles Industries Limited is listed on the Australian Stock Exchange (ASX) under stock code BIL. You can view their investor website here. BIL was listed on the ASX on 30 June, 1962. Brambles is involved in pallet and container pooling; information management; waste management and recycling; support services to heavy industries; dynamic storage rack services and specialised tank containers. 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!