Qube Logistics worth a buy....might surprise on the upside

Been looking through some logistics stocks and for mine, Qube logistics looks undervalued.

Currently at $2.27 but my price target is a solid $3.39 based on a fairly low cost of equity of 7% (it has a 7.1% ROE in 2013).

While it has a fairly high debt of around $700 million in total so it is looking at Debt to Equity ratio close to 0.7, it is not in the scray zone as yet.

But we will see...the Financial full year report is out in August. Might be worth while to thow some dollars in to see what happens.

Not: Not a recommendation to invest/not invest in Qube. If pain persists, please see your investment professional.

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