Brambles (BIL) Shares

Brambles (BIL) has retained their Outperform rating with a 12 month share price target of $13.20 by stock analyst Macquarie Research Equities (MRE). They believe that BIL can be subject to a bid this year and that it is possible that shareholders will be offered $15 per share. However, they find that: "Assessing the probability of a bid remains extremely difficult. For this reason, MRE intend to remain focused on analysing the business from the bottom up. It is this type of analysis that gives MRE the confidence to suggest that CHEP’s earnings have a very high degree of certainty and also highlights the strong strategic positioning of the business. Thus MRE see only modest down side from the current share price."

Brambles Industries Limited is listed on the Australian Stock Exchange (ASX) under stock code BIL. You can view their investor website here. Brambles was listed on the ASX on 30 June, 1962. Brambles (BIL) 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 stockbroker recommendations. Here is a recent Brambles recommendation. Check your charts and good luck with your share trading!