Thursday, 18 April 2024

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Business News

Austal Limited (AUTLF) Receives a Buy from Petra Capital – TipRanks Financial Blog

Kepler Capital Sticks to Its Buy Rating for Implenia AG (IPLNF) – TipRanks Financial Blog

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In a report released yesterday, James Lennon from Petra Capital maintained a Buy rating on Austal Limited (AUTLFResearch Report), with a price target of A$3.08. The company’s shares closed yesterday at $1.52.

According to TipRanks, Lennon is a 4-star analyst with an average return of 14.2% and a 62.50% success rate. Lennon covers the Industrials sector, focusing on stocks such as Austal Limited, Austin Engineering Limited, and Electro Optic Systems Holdings Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Austal Limited with a $1.60 average price target.

AUTLF market cap is currently $572.9M and has a P/E ratio of 162.50.

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Austal Limited (AUTLF) Company Description:

Austal Ltd. engages in the design and construction of customized aluminum commercial and defense vessels. The company operates through the following segments: Australia, USA, and Asia. The Australia segment manufactures commercial and defense vessels for markets worldwide, excluding the USA and provides training and on-going support and maintenance for vessels. The USA segment engages in the manufacturing of aluminum defense vessels for the US Navy and provides training and on-going support and maintenance of these performance vessels for the US Navy. The Asia segment provides aluminium commercial vessels for global markets excluding the USA. The company was founded by John Rothwell in 1988 and is headquartered in Henderson, Australia.

Click Here to Read the Full Original Article at TipRanks Financial Blog…


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