Candle Australia
JP Morgan has rated the Candle Australia (CND) stock as Overweight with a valuation of $3.12. The broker expects the company to be a beneficiary of higher investment in IT by Australian companies, reflected in its forecast of 20% organic growth this year and 19% next year and their FY07 earnings forecast of $15.6m is well above market consensus, which stands at around $13.6m.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
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- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
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- Santos Limited (STO)
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- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)
