Canaccord raises PT on Aussie construction firm BSA
06/08/2023 21:49
** Analysts at Canaccord raise Price Target on Australian
engineering and construction company BSA Ltd BSA.AX to
A$1.25/share from A$1.10/share and retain "Buy" rating
** Says BSA's 4Q EBITDA of A$5.4 million($3.55 million) were
above its estimate of A$4.6 million
** Says 4Q EBITDA reflected ongoing momentum in the now
standalone Communications & Utility Infrastructure (CUI)
business
** The strong earnings momentum is being driven by a more
sustainable business model and market focus on the
telecommunications and energy sectors - Canaccord
** Stock has risen 13.2% this year, as of last close
($1 = 1.5221 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Leslie
Adler)
((Rishav.Chatterjee@thomsonreuters.com;))