AP Eagers

AP Eagers (APE)

Stock Code

APE

Stock Exchange

ax

A.P. Eagers (APE) is a holding company principally involved in the sale of new and used motor vehicles, the distribution of parts and accessories, and the provision of service, finance, leasing and extended warranty for motor vehicles. APE listed on the Australian stock Exchange on 25 May, 1972. Its key operations are located in the Brisbane metropolitan area of Queensland, Darwin in the Northern Territory and the Newcastle/ Hunter Valley region of New South Wales. The Group employed 2,000 staff, had 2,570 shareholders and sales revenue running at $1.5billion per annum as of March 1st, 2007.

AP Eagers Dividends

1 September, 2010 - 13:39

Read up on the dividend history for AP EAGERS LIMITED. A dividend is a share of a company's profits that it pays to investors and shareholders. Not all companies pay dividends; companies may decide to retain earnings and reinvest them back into the company. You are eligible to receive APE dividends if you own the AP EAGERS LIMITED shares on the ex-dividend date. Investors and traders must purchase the stock before the exdividend date to be entitled to the dividend.

AP Eagers (APE) Shares Recommendation


ABN Amro has upgraded their rating for the AP Eagers (APE) stock to Buy from a Hold recommendation with a share price target of $8.24 from $7.88. The company has announced the acquisition of Frost Motors in the Northern Territory, which the broker notes will add to both brands and scale. The broker expects the deal to boost earnings and has therefore lifted its EPS estimates by 3% in both FY07 and FY08.

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