For Switzer Investing TV, Tribeca Alpha Plus portfolio manager Jun Bei Liu told Peter Switzer that she likes JLG – Johns Lyng Group Limited.
The FNArena consensus backed her up, with a 29.9% rise tipped.
Here’s the table summary of analysts:
“They certainly like this company that fixes properties damaged by the forces of life for insurance companies,” Peter said.
Citi is the biggest supporter, and this is what the FNArena reporter noted: “Citi is upbeat on the Johns Lyng agreement to acquire SSKB Strata and Chill-Rite HVAC for -$57.6m, paying $28.8m in cash and the remainder in shares, with completion expected in 1Q2025.
“The analyst forecasts the acquisitions will add 4% EPS growth in FY25 and boost the company’s growth on Australia’s East Coast.”
“Buy rating brings a $7.85 target and the stock closed today at $5.55,” Peter said.
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