Australia's Breville Group headed for best session in over two months, Citi reiterates BUY

Breville

23/09/2026 06:30

** Shares of Australia's Breville Group BRG.AX rise as much as 3% to A$30.235, on track for biggest pct gain since July 29, if trends hold
** Citi flags positive medium term tailwinds for the kitchen appliance maker from structurally high coffee prices
** Brokerage adds, rising coffee prices makes buying a cup of coffee expensive, prompting consumers to invest in home coffee making appliances like espresso machines which BRG makes
** Coffee prices remain elevated due to disruption caused by Super El Nino 
** Analysts at Citi reiterate their BUY rating at TP of A$40.80, implying about 39% upside from last close at A$29.38 per 
** Twelve of thirteen analysts rate the stock "buy" or higher and one "hold"; median PT is A$37.30 –- LSEG data
** Stock up 2% YTD, including sessions' moves 

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))