Bradken Limited’s Buy Rating Reaffirmed at Goldman Sachs (BKN)
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Bradken Limited in a research note on Thursday, June 5th. They now have a $4.60 price target on the stock.
Shares of Bradken Limited (ASX:BKN) traded down 0.80% during mid-day trading on Wednesday, hitting A$4.950. 677,719 shares of the company’s stock traded hands. Bradken Limited has a 52 week low of A$3.280 and a 52 week high of A$6.830. The stock has a 50-day moving average of A$4.44 and a 200-day moving average of A$4.22. The company has a market cap of A$846.6 million and a price-to-earnings ratio of 40.24.
Bradken Limited is engaged in the supply and service of wear components for mining and earthmoving equipment; supply of equipment and consumables to the mineral processing, quarrying and power markets; supply of cast, machined and fabricated components and engineered steel castings to the energy, industrial and rail transport industries; manufacture and maintenance of freight rollingstock products, and supply of foundry consumables.
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