0053 GMT - Brambles' medium-term earnings guidance extends the value proposition outlined by the global pallet giant back in 2021, Jefferies analysts write in a note. They tell clients that guidance for annual revenue growth of 4%-6% from FY 2026 to FY 2028 straddles the prior average analyst forecast of 5.1%. With annual Ebit expected to grow by a percentage in the high-single digits across the same period, Brambles should deliver total value creation of 10% including dividends. This is in-line with its FY 2021 target for FY 2023 onwards, they observe. Jefferies has a hold rating and a A$16.48 target price on the stock, which is down 0.1% at A$18.45. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 12, 2024 20:53 ET (00:53 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。