Bradken Limited Given “Buy” Rating at Goldman Sachs (BKN)
Bradken Limited (ASX:BKN)‘s stock had its “buy” rating reissued by equities research analysts at Goldman Sachs in a research note issued to investors on Thursday. They currently have a $5.70 target price on the stock.
Separately, 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 2.07% during mid-day trading on Thursday, hitting A$4.720. 705,504 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’s 50-day moving average is A$4.55 and its 200-day moving average is A$4.22. The company has a market cap of A$807.2 million and a P/E ratio of 38.87.
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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