Avon Rubber has announced FY results comfortably ahead of consensus with the Group describing a transformational year in 2019 which sets it up well for the medium term. We see the Group as well positioned given its end markets and product development which should be attractive for investors but the recent stock run-up has been strong and valuation appears full. Neutral.
13 Nov 2019
Full year results, first look
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Full year results, first look
Avon Protection PLC (AVON:LON) | 1,194 95.5 0.7% | Mkt Cap: 361.3m
- Published:
13 Nov 2019 -
Author:
Andrew Simms -
Pages:
2
Avon Rubber has announced FY results comfortably ahead of consensus with the Group describing a transformational year in 2019 which sets it up well for the medium term. We see the Group as well positioned given its end markets and product development which should be attractive for investors but the recent stock run-up has been strong and valuation appears full. Neutral.