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Vysarn Well-Positioned to Outperform in Near-Term, Euroz Hartleys Says

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Vysarn (ASX:VYS) is well-positioned to outperform in the near-term, and it is expected to achieve double-digit earnings growth through the short-term, supported by a diversified business with a backdrop of long-dated, elevated demand, according to a Wednesday note by Euroz Hartleys.

Vysarn entered into a binding share sale agreement for the acquisition of NWG Enterprises, which deals in industrial-scale irrigation systems, pumping systems, and ancillary technology, for a total consideration of up to 33 million Vysarn shares and AU$25 million in cash.

The firm has commanded a premium multiple for several years, and its management is expected to continue to deliver high-quality earnings growth and execute its clearly articulated strategy focused on vertical integration and diversification.

The investment firm retained its buy rating on Vysarn and raised the price target to AU$1.16 per share from AU$0.89 per share.

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