MetroGlass rated 'buy' on upbeat outlook by Craigs

Tue, 03 Feb 2015

By Tina Morrison Feb. 3 (BusinessDesk) - Metro Performance Glass, which listed on the NZX last year, has been rated a 'buy' by Craigs Investment Partners, which coverage last month. Auckland-based MetroGlass, which has more than half of New Zealand's glass processing market, is set to benefit from a buoyant construction market where it faces little rivalry, research analysts Dennis Lee and Grant Swanepoel said in a note. The Craigs rating is consistent with the average of five analysts polled by Reuters. "MetroGlass is a pure cyclical...

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