Morgans expects FY19 underlying earnings (EBIT) to be up 1.5% when the company reports on August 21.
The result is expected to be driven by a solid performance from CHEP EMEA and Asia Pacific, offset by lower earnings from CHEP Americas because of ongoing cost inflation.
Morgans maintains a Hold rating and raises the target to $12.71 from $11.27.
Sector: Commercial & Professional Services.
Target price is $12.71.Current Price is $12.65. Difference: $0.06 – (brackets indicate current price is over target). If BXB meets the Morgans target it will return approximately 0% (excluding dividends, fees and charges – negative figures indicate an expected loss).
