We initiate coverage of Hostmore with a 125p share target price, implying 279% upside. Hostmore has been spun out of Electra Private Equity like an unwanted orphan into a market that’s not interested in consumer stocks at present. The PLC is unknown and unloved with a share register that is more reflective of its past rather than its future. Yet it has the exclusive UK franchise for one of the most iconic, well-known and loved restaurant brands in the UK – Fridays. Add to the recipe a capable ma ....
