ASK Automotive rises 46% in six months after Buy call
In short
ASK Automotive shares rose 46% over six months and 32.14% over one year. Choice Institutional Equities started coverage with a Buy rating and said the company could grow because of its Aluminium Lightweighting Precision Solutions business.
The brokerage expects 20% EBITDA CAGR through FY29. The report does not give the current price or say whether the stock will keep rising.
What the reporting says
ASK Automotive shares rose 46% in six months and gained 32.14% over the year, according to the report. Choice Institutional Equities initiated coverage with a Buy rating and said revenue growth should be driven by Aluminium Lightweighting Precision Solutions, with 20% EBITDA CAGR forecast through FY29. The reporting does not give the current share price or say how the market will trade next.
Why it matters
ASK Automotive’s stock has climbed 46% over six months and 32.14% in a year, after Choice Institutional Equities began coverage with a Buy rating. The brokerage expects revenue growth from Aluminium Lightweighting Precision Solutions and forecasts 20% EBITDA CAGR through FY29. The report does not state the current share price or any company response.