Plant Health Care has released a trading update for 2020, highlighting strong underlying demand in its Commercial business, offset by inventory destocking in the supply chain. These trends had been well flagged by the Group through 2H 2020 and as such should not surprise the market. Instead, we expect the market to focus on 2021 growth and the launch of PHC279 in Brazil. We reinstate our buy rating.
25 Jan 2021
Plant Health Care* - Encouraging Trading Update – Growth in 2021
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Plant Health Care* - Encouraging Trading Update – Growth in 2021
Plant Health Care PLC (PHC:LON) | 3.6 0 0.0% | Mkt Cap: 12.3m
- Published:
25 Jan 2021 -
Author:
Andrew Simms -
Pages:
6
Plant Health Care has released a trading update for 2020, highlighting strong underlying demand in its Commercial business, offset by inventory destocking in the supply chain. These trends had been well flagged by the Group through 2H 2020 and as such should not surprise the market. Instead, we expect the market to focus on 2021 growth and the launch of PHC279 in Brazil. We reinstate our buy rating.