Northbridge Industrial Services, the specialist electrical equipment and oil tools group, has confirmed it expects the results for the full year to December, to be in line with its expectations. Sentiment in the oil and gas markets has maintained its gradual improvement since the end of 2016; on the electrical side they beginning to see initiatives in the USA and renewables bearing fruit. We confirm our estimates and retain our Buy recommendation and 123p TP.
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FY 17 trading “in line”
- Published:
07 Feb 2018 -
Author:
Alastair Stewart -
Pages:
2
Northbridge Industrial Services, the specialist electrical equipment and oil tools group, has confirmed it expects the results for the full year to December, to be in line with its expectations. Sentiment in the oil and gas markets has maintained its gradual improvement since the end of 2016; on the electrical side they beginning to see initiatives in the USA and renewables bearing fruit. We confirm our estimates and retain our Buy recommendation and 123p TP.