Brambles Industries (BIL) Shares Recommendation

Brambles Industries (BIL) have a maintained Outperform recommendation and a 12 month share price target of $13.20 from stock analyst Macquarie Research Equities (MRE). They have highlighted that a possible takeover would offer an upside of $15 per share. Brambles, the world's top pallet supplier provided an upbeat 1Q07 trading update at its AGM indicating that sales and profits for CHEP and Recall in 1Q07 are "well ahead" of pcp. " Revenue growth in 1Q07 in the US at 10% is in line with MRE's FY07 forecast of 10%. Europe at 2% is surprising low, however it is cycling strong 1Q06 Reusable Plastic Container sales (MRE will seek further clarification). The rest of- the-world at 9% is broadly in line with our forecast."

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. Read previous news about Brambles (BIL). Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. Check your charts and good luck with your share trading!