Morningstar sees rise in interim dividend for Australia's Brickworks

Brickworks

24/03/2024 18:37

** Analysts at Morningstar forecast a fully franked interim
dividend of A$0.24 per share for Brickworks  BKW.AX ,
representing a 3% increase from the prior year
    ** Brokerage increases fair value estimate of stock to
A$31.00/shr from A$30.50/shr
    ** Analysts of the view that BKW's Oakdale Development is in
a prime location, where the demand for large-scale property is
high
    ** In Australia, we expect a recovery in housing
construction from calendar year 2025 - Morningstar
    ** Two of eight analysts rate stock "buy" or higher, one
rates "sell" and five rate "hold"; their median PT is A$29.50 -
LSEG data
        ** Stock down 1.1% YTD, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))