Full-year results were in line with reduced guidance. The last year has seen significant headwinds, resulting in a lower outturn than originally expected. The recent stronger activity levels in construction provide some encouragement and support underlying profit recovery, with a boost from the inclusion of Wade for a full year. We increase our price target from 145p to 165p, which remains prudently pitched and offers good upside; with an attractive dividend yield 5.9% providing support, it a
11 Sep 2018
Alumasc - Full-year results in line
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Alumasc - Full-year results in line
Alumasc Group plc (ALU:LON) | 172 -2.6 (-0.9%) | Mkt Cap: 62.3m
- Published:
11 Sep 2018 -
Author:
David Buxton -
Pages:
12
Full-year results were in line with reduced guidance. The last year has seen significant headwinds, resulting in a lower outturn than originally expected. The recent stronger activity levels in construction provide some encouragement and support underlying profit recovery, with a boost from the inclusion of Wade for a full year. We increase our price target from 145p to 165p, which remains prudently pitched and offers good upside; with an attractive dividend yield 5.9% providing support, it a