Top Dog - Macquarie Equity Research have initiated coverage on Greencross (GXL) with an Outperform rating

Top Dog - Macquarie Equity Research have initiated coverage on Greencross (GXL) with an Outperform rating. We initiate on Greencross with an Outperform recommendation and $8.50 price target. The merger of Greencross and Mammoth has created Australia's largest integrated consumer-facing pet retail and vet services pet care company. We have 20%+ EBITDA growth forecast in FY15/6. The stock has run hard, multiples are demanding and there is little margin for earnings disappointment.


2 topics

The Livewire Equities feed brings you a range of insights that relate to Australian equities

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.