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Analysts Offer Insights on Industrial Goods Companies: Cleanaway Waste Management Ltd. (OtherTSPCF) and Imdex Ltd (OtherIMDXF)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Cleanaway Waste Management Ltd. (TSPCFResearch Report) and Imdex Ltd (IMDXFResearch Report).

Cleanaway Waste Management Ltd. (TSPCF)

In a report released today, Lee Power from UBS maintained a Hold rating on Cleanaway Waste Management Ltd., with a price target of A$2.80. The company’s shares closed last Friday at $1.69.

According to TipRanks.com, Power is a 5-star analyst with an average return of 16.0% and a 66.7% success rate. Power covers the Basic Materials sector, focusing on stocks such as Bluescope Steel Limited, Brickworks Ltd, and Boral Limited.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cleanaway Waste Management Ltd. with a $1.96 average price target, representing a 16.0% upside. In a report released yesterday, Goldman Sachs also maintained a Hold rating on the stock.

See today’s best-performing stocks on TipRanks >>

Imdex Ltd (IMDXF)

UBS analyst Evan Karatzas maintained a Buy rating on Imdex Ltd today and set a price target of A$2.20. The company’s shares closed last Monday at $1.49, close to its 52-week high of $1.57.

Karatzas has an average return of 46.2% when recommending Imdex Ltd.

According to TipRanks.com, Karatzas is ranked #3697 out of 8815 analysts.

Currently, the analyst consensus on Imdex Ltd is a Moderate Buy with an average price target of $1.42.

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