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Buy, hold, sell: Civmec, LGI, Dalrymple Bay Infrastructure shares

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S&P/ASX 200 Index (ASX: XJO) shares are up 1% to 8,592 points on renewed hopes of an end to the war in Iran.

US President Donald Trump said he called off a military strike on Iran, planned for tomorrow, following appeals from Persian Gulf nations.

This has generated optimism that US-Iran negotiations might restart.

Meanwhile, let’s take a look at fresh ratings on three ASX shares.

Civmec Ltd (ASX: CVL)

The Civmec share price is $1.63, down 1.2% today, and up 64% over the past 12 months.

Civmec reported net profit after tax (NPAT) of $13.5 million, up 45% year over year, for 3Q FY26.

Baxter Kirk from Bell Potter has a buy rating on this ASX All Ords industrial share with a $1.90 price target. 

In a new note, Kirk said:

With a diverse $1.35b order book underpinned by increased Resources activity and defence orders, CVL is well-positioned for growth.

Further, with tendering activity increasing and the company undertaking greater ECI work, the outlook for order book growth continues to brighten.

In our view, CVL remains an attractive investment due to 1) undemanding value relative to its peers, 2) improving sector outlook, and 3) increasing defence exposure.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay Infrastructure share price is $5.32, up 1.3% today, and up 30% over the past year.

Mitch Belichovski from Morgans has a hold rating on this ASX 200 industrial share. 

On the The Bull this week, Belichovski said:

The share price has performed well since March as the company retains predictable and resilient cashflows.

EBITDA growth is driven by CPI-linked base charges and incremental earnings on commissioned non-expansionary capital expenditure (NECAP) projects.

DBI continues to generate long term appeal, delivering an attractive distribution yield.

In our view, it also remains a potential merger and acquisition target.

LGI Ltd (ASX: LGI)

The LGI share price is $3.52, down 0.3% on Tuesday, and up 22% over 12 months.

LGI recovers biogas from landfills and converts it to electricity and eco-friendly products.

Belichovski has a sell rating on this ASX All Ords utilities share. 

The analyst said:

While LGI provides exposure to the decarbonisation theme, the company competes with several larger entities for landfill gas amid a limited number of larger sites to support electricity generation.

The share price pull back between mid April to May 13 is primarily due to ongoing weakness in wholesale electricity prices.

Also, according to our analysis, investors are cautious about the Mugga Lane strategic growth project, which potentially poses a risk to EBITDA guidance in fiscal year 2026.

The post Buy, hold, sell: Civmec, LGI, Dalrymple Bay Infrastructure shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended LGI Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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