- On Tuesday 25 September 2007, ABN Amro has initiated coverage with BUY recommendation for IDL and $0.57 target price.
- On 12 September 2007 UBS Investment Research as initiated coverage with BUY recommendation and 0.55 target price.
Industrea has been having a good rally recently. Rumour has it that the company is finalising a big acquisition in October this year. Truth is no one knows it for sure yet. Share price for IDL this morning was 0.54 (just about the broker's target price), so if the acquisition news is correct, we might be able to add it by few cents, perhaps?
Industrea Ltd (IDL.ASX) is headquartered in Brisbane, Australia and comprises a group of companies primarily involved in the provision of mining products & services, with diversified revenue streams arising from construction, asset management and engineering services. The company also acts as distributor for global mining suppliers Sandvik Voist Alpine (Scandinavia), Tagor (Poland) and recently wins exclusive Petitto mining equipment agency for the sale of services of Petitto's product in Australia, NZ and China. Industrea group offices are also located in Sydney, the Hunter Valley, NSW and Beijing.