Jefferies raises PT on Australian contractor Seven Group

Boral

17/08/2023 22:15

** Analysts at Jefferies raise PT on Australian contractor
Seven Group Holdings  SVW.AX  by 13% to A$30.08/share
    ** Co posts EBIT growth of 20% for FY23, higher than its and
market's estimates -Jefferies
    ** Macroeconomic set-up continues to be favourable for SVW,
supporting its forecast of high single-digit EBIT growth in FY24
- brokerage
    ** Jefferies says building materials maker Boral's  BLD.AX 
positive results earlier in the month remain significant driver
for SVW's forecasts
    ** Stock has risen 28.7% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))