Intelligent Investor

BWP upgraded

The fall in BWP Trust's share price means we're upgrading this owner of 82 Bunnings Warehouses.
By · 22 Jan 2016
By ·
22 Jan 2016 · 2 min read
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Recommendation

BWP Trust - BWP
Buy
below 2.35
Hold
up to 3.20
Sell
above 3.20
Buy Hold Sell Meter
HOLD at $3.04
Current price
$3.44 at 16:35 (16 April 2024)

Price at review
$3.04 at (22 January 2016)

Max Portfolio Weighting
6%

Business Risk
Low

Share Price Risk
Medium-Low
All Prices are in AUD ($)

BWP Trust has fallen seven percent since BWP Trust: Result 2015 on 7 August 15 (Sell — $3.28) and is now comfortably below our Sell price. As such, in the absence of any information that would change our recommendation, we're upgrading to HOLD in line with our price guide. We'll provide another update once BWP releases its half-year result in February.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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