Analysts at Bell Potter initiated coverage on Royal Wolf Holdings with a 12 month target price of $3.75. The company has recently traded in that vicinity and based on its performance since listing in May 2011, as well as its medium-term growth profile, Bell Potter’s price target appears well justified.

Royal Wolf is Australasia’s largest provider of container solutions with 33 facilities located throughout Australia and New Zealand and a hire fleet of over 39,000 containers. As well as being used for logistical purposes such as freight services, its containers have applications in portable storage and buildings, as well as mining camps. Bell Potter estimates that the company has a market share of 35 per cent.