Business Services Industry
AHG needs growth to drive shares.
Australasian Business Intelligence, April, 2006
Byline: Trevor Hoey
Apr 04, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Western Australia's leading car and truck retailer, Automotive Holdings Group (AHG), listed in November 2005. Bell Potter
analyst, Matthew Ward, rates the shares a "buy" with a target price of $A1.34. This is less than AHG's counterparts, AP Eagers and Adtrans, but the added value of future acquisitions has not been factored in. As well as its retail and wholesale automotive businesses, AHG sells insurance and financial products and operates a refrigerated transport, storage and distribution service. It is well positioned to expand its operations in the eastern states.
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