Breville Group (BRG) – Returns to recover
December 17, 2024
Breville Group designs, develops, markets, and distributes small electrical kitchen appliances in the consumer products industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its products sell under the Breville, Kambrook, Baratza, Sage and Lelit brand names. Breville was founded in 1957 and is headquartered in Alexandria, Australia.
Breville has experienced a notable decline in its return on capital over the past five years, but Ord Minnett views FY24 as the cyclic allow for returns. Our projections indicate a rebound as sales growth accelerates and operational leverage improves. This sales growth is expected to stem from improved sales momentum, innovative product development, and recent strategic acquisitions. Our target price has increased by 12% to $7.20 and we maintain our Buy recommendation.
Insights that count
Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.
Service Stream (SSM) – Attention!
Service Stream offers design, construction, operation, and maintenance services for infrastructure assets across the telecommunications, utilities, transport and defence sectors in Australia.
Cochlear Limited (COH) – Hearing check
Cochlear provides implantable hearing solutions for children and adults worldwide.
ANZ Group Holdings (ANZ) – Paying the piper
ANZ Group is a commercial and retail bank and the smallest of the big four Australian banks.
.jpg)