Emeco Holdings (EHL) Stock Recommendation

Emeco Holdings (EHL) has a maintained Buy High Risk stock (1H) stock recommendation and a share price target of $2.32 from stock analysts Citigroup Investment Research (CIR). They consider the mix of strong demand, tight market conditions and "plenty of fire power" to underpin Emeco's strong growth story. The AGM had a positive tone according to CIR, with the company citing strong demand across all regions with plenty of opportunities for growth and continued tight supply of equipment which is a positive for the company's rental model. The company is on track to make their FY07E prospectus forecasts. "No trigger for upgrades, yet — The only explanation for the post-AGM sell off is the absence of definitive comments that would spark earnings upgrades in the short-term. Given the growth initiatives being pursued, the emergence of triggers is a matter of when, not if."

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. Alec Brennan is the Chairman of Emeco and Laurie Freedman the Managing Director. 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!