Hot on the heels of last week’s encouraging results, the group has announced that Peter Brotherhood has secured a new order for steam turbines as part of an overall contract value in excess £10m. This is a high-profile order in a specialist oil & gas market niche. We maintain this year’s forecasts, but upgrade 2020 EPS by 7.2% to 14.2p. We also raise our price target from 272p to 285p, based on a target 2020 EV/EBITDA of 9.4x or a P/E of 20x compared with the current val
04 Mar 2019
Avingtrans - New order for Peter Brotherhood – EPS upgrade
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Avingtrans - New order for Peter Brotherhood – EPS upgrade
Avingtrans plc (AVG:LON) | 405 0 0.0% | Mkt Cap: 134.0m
- Published:
04 Mar 2019 -
Author:
David Buxton -
Pages:
4
Hot on the heels of last week’s encouraging results, the group has announced that Peter Brotherhood has secured a new order for steam turbines as part of an overall contract value in excess £10m. This is a high-profile order in a specialist oil & gas market niche. We maintain this year’s forecasts, but upgrade 2020 EPS by 7.2% to 14.2p. We also raise our price target from 272p to 285p, based on a target 2020 EV/EBITDA of 9.4x or a P/E of 20x compared with the current val