Citi raises PT of building materials maker CSR on Saint-Global deal
18/04/2024 22:59
** Analysts at Citi raise price target on Australia's CSR
Ltd CSR.AX to A$9 from A$5.75
** Brokerage raises PT on the back of binding deal with
France's Saint-Global to acquire the Australian building
materials maker
** Citi expects the deal to move forward, maintains
"neutral" rating
** Raises FY24 property EBIT estimates on co; keeps FY24 and
FY25 forecasts unchanged
** One of 12 analysts rate the stock "buy", nine "hold" and
two "sell"; their median PT is A$6.7 – LSEG data
** As of last close, CSR stock has risen 34.1% YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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