Brambles Industries

Brambles Industries (BIL) has a share price target of $15.20 from stock analyst UBS. Their DCF valuation remains at $14.30 which places Brambles on a 10 percent premium to the average FCF multiple of the Australian All Industrials Their price target is a 12 month forward DCF. UBS notes that " We have changed our forecasts to reflect only US$926m being deployed via the cash alternative, and a further US$1.3bn being used for an on-market buyback until June 2007.

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%.

Stock analysts, Citigroup Investment Research (CIR) have reduced their risk rating for the Brambles Industries (BIL) stock from Medium to Low Risk with a stock recommendation of Hold with an increased share price target of $11.63 (from $11.16)

Citigroup Investment Research (CIR) has maintained their Hold/ Medium Risk (2M) rating for Brambles Industries (BIL) stock. Their share target price has increased from of $10.83 per share to $10.92 per share, with expected total return currently 4.6%. However earnings forecasts have been downgraded. Brambles Industries Limited is listed on the Australian Stock Exchange (ASX) under stock code BIL. Check your charts!

Macquarie Research Equities (MRE) has reiterated its 12-month price target of $11.50 for Brambles Limited (BIL) and remains their top pick of the sector. There is a growing confidence in the Brambles' ability to realise a high level of value from the sale of its non-core businesses (Cleanaway and Industrial Services) and the proposed return of $2.8bn in cash by way of capital management should help to underpin further share price appreciation. MRE forecasts a total 12 month shareholder return of 13.3%.

Shares in Brambles Industries (BIL) have gained more than 7% since announcing in late November that it plans to divest its Cleanaway business, end its dual-listed structure and return at least $2.8bn of excess capital. The company now plans to focus on building its high-growth CHEP and Recall businesses, a move that investors have applauded. Post the recent BIL’s investor presentation, Macquarie Research Equities (MRE) have increased their medium term growth assumptions and outlook for CHEP. MRE reiterate their outperform recommendation with a 12-month price target of $11.00.