SUMMARY | Position: LONG | |
Upside target: R241.00 | Reward / risk ratio: 2.6 | Recommended stop-loss: R193.00
RECOMMENDATION: BUY
Analysts:
Peet Serfontein, Sithembile Bopela
The Bidvest Group is a service, trading and distribution company focused mainly in South Africa. The company specialises in services (including automotive, cleaning, security, landscaping, travel, banking, foreign exchange services, and indoor plants / flowers); private sector freight management; and commercial (which involves the manufacturing and distribution of electrical products, office stationery, office furniture, packaging closures and catering equipment and automotive retail; and others).
We retain our favourable long-term view of this company and view it as a key beneficiary …
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