Shape Australia's Latest Acquisition Increases Optimism -- Market Talk

Dow Jones
05/29

0118 GMT - Shape Australia's A$30.4 million acquisition of rival commercial fitout provider APS increases optimism at Morgans. Raising his recommendation on Shape to buy from accumulate, analyst Declan Carroll flags the EPS accretion and increased exposure to retail opportunities that are expected to flow from the acquisition. Carroll tells clients in a note that the deal is consistent with Shape's M&A strategy. He describes Shape as a higher-quality contractor with short-duration projects, strong repeat business, a disciplined approach to contract selection and a capital-light delivery model. Morgans raises its target price by 0.3% to 8.65 Australian dollars. Shares are up 4.3% at A$7.465. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

May 28, 2026 21:18 ET (01:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10