Against the current stocks market backdrop which is watching the QE3 and interest rate agenda from the US, it may not be easy to trade. Hence, when one read the analysts reports of “buy” calls on certain stocks, one must always review whether this is the righ time to invest in the stock if the fundamentals and reasoning seem compelling.
One of such stocks recommend a “buy” by analysts is Civmec Limited stock. Civmec Limited is an an investment holding company which provides heavy engineering and construction services in Australia in two segments, namely, Oil and Gas, and Mining and Others.
The company undertakes large and small fabrication projects, offers modularization solutions; pre-cast concrete solutions; and civil services, undertakes structural, mechanical, and piping installation projects, and offers integrated supply chain solutions to the onshore and offshore drilling industry; and maintenance services.
Civmec Limited stock is currently oversold, and to tell ......