As expected, Hargreaves has reported a very strong set of interims (earnings increasing ninefold) with good progress reported in all areas of the Group. HRMS was the standout performer and looks increasingly likely to remain a significant profit and cash generator for the Group over the medium term. This drives further, material forecast upgrades (PBT and EPS >20% in all forecast years) and triggers an uplift in our TP to 590p (from 560p). With continuing earnings momentum and a 5% dividen

26 Jan 2022
Momentum continues - material forecast upgrades

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Momentum continues - material forecast upgrades
Hargreaves Services plc (HSP:LON) | 448 -49.2 (-2.4%) | Mkt Cap: 146.2m
- Published:
26 Jan 2022 -
Author:
James Tetley -
Pages:
3 -
As expected, Hargreaves has reported a very strong set of interims (earnings increasing ninefold) with good progress reported in all areas of the Group. HRMS was the standout performer and looks increasingly likely to remain a significant profit and cash generator for the Group over the medium term. This drives further, material forecast upgrades (PBT and EPS >20% in all forecast years) and triggers an uplift in our TP to 590p (from 560p). With continuing earnings momentum and a 5% dividen