UBS analyst Lee Power upgraded Brickworks Ltd (BRKWF – Research Report) to a Buy today and set a price target of A$25.30. The company’s shares closed last Friday at $16.50.
According to TipRanks, Power is a 4-star analyst with an average return of 10.2% and a 50.00% success rate. Power covers the Basic Materials sector, focusing on stocks such as ADBRI, Boral Limited, and Brickworks Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brickworks Ltd with a $15.61 average price target.
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Based on Brickworks Ltd’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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Brickworks Ltd is a manufacturer and distributor of bricks. The company was founded in 1934 by a group of Sydney brick manufacturers to survive the Great Depression. Over the years the company has diversified into roof tiles, pavers and pre-cast concrete panels and has established a leading presence across all major states. Brickworks also holds a 39.4% interest in Washington H. Soul Pattinson (ASX:SOL). More recently, capital has been released via the sale of surplus industrial land or transferring it to an industrial real estate trust joint venture with the Goodman Group.