Australia's Brickworks up on Citi retaining 'buy' rating

Brickworks

09/01/2024 02:57

** Australia's Brickworks  BKW.AX  rises as much as 2.4% to
A$27.420 on Citi retaining "buy" rating for stock 
    ** Stock on track to record their biggest intraday pct gain
since Dec. 14 
    ** Citi says it has retained rating on co despite expecting
a net loss in 1H24 due to higher capital value realisation from
property business and higher rental income, among other reasons
    ** Four analysts rate BKW "buy" or higher, and four "hold";
their median PT is A$27.40 – Refinitiv data
    ** Stock ended 26.1% higher last year
    

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))