Barclays has increased its target price for Epiroc to 250 kronor from the previous 245 kronor, while maintaining its "overweight" rating, according to Bloomberg News (BN).
Epiroc AB is a leading global manufacturer of drilling, excavation, construction and demolition equipment for the mining, construction and natural resources sectors. Net sales break down by family of products and services as follows:
- excavation, construction and demolition equipment and services (76.7%): drilling rigs, excavators, loaders, trucks, etc. Net sales by revenue source are divided between sales of services (55.6%) and equipment (44.4%);
- drilling tools and excavator accessories (23%): hydraulic concrete breakers, demolition tongs, concrete tongs, hydraulic shears, crusher buckets, grabs, hydraulic compactors, augers, excavator magnets, etc.;
- other (0.3%).
Net sales are distributed geographically as follows: Sweden (2.3%), Europe (11.4%), Asia and Australia (29.1%), North America (28%), Africa and the Middle East (17%) and South America (12.2%).
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Investor
Investor
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Global
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Quality
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