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CTI Logistics may be a stock to target

Brokers are anticipating organic and acquisitive growth in the longer term for the WA-based courier and freight group, despite its challenges.

Western Australian-based provider of transport and logistics services, CTI Logistics , has been negatively affected by a general slowdown in market activity impacting its metropolitan courier and resources-related operations.

However, CTI has continued with its expansionary plans across its transport, warehousing and logistics businesses, and given the sharp selloff in its shares it may be a stock to target, particularly given its strong record of robust return on equity and regular dividends.

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    Original URL: https://www.afr.com/companies/transport/cti-logistics-may-be-a-stock-to-target-20140918-jf516