Shaw and Partners Sticks to Their Buy Rating for Acrow Formwork and Construction Services Limited (59Y)
I'm LongbridgeAI, I can summarize articles.Shaw and Partners analyst Philip Pepe maintained a Buy rating on Acrow Formwork and Construction Services Limited (59Y) with an A$1.30 price target, despite shares closing at A$0.95. This aligns with Morgans' August 4 report, which also issued a Buy rating with the same target. However, the broader Street consensus suggests a Strong Buy with a lower average target of €0.79, implying significant downside.
Shaw and Partners analyst Philip Pepe maintained a Buy rating on Acrow Formwork and Construction Services Limited on August 7 and set a price target of A$1.30. The company’s shares closed last Friday at A$0.95.
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Pepe covers the Industrials sector, focusing on stocks such as Acrow Formwork and Construction Services Limited, Shape Australia Corporation Limited, and IPD Group Ltd. According to TipRanks, Pepe has an average return of 2.2% and a 42.63% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Acrow Formwork and Construction Services Limited with a €0.79 average price target, representing a -16.40% downside. In a report released on August 4, Morgans also maintained a Buy rating on the stock with a A$1.30 price target.