Dairy Crest (DCG LN, HOLD, T/P 680p) released interim results broadly in line with both market and our own expectations. Net revenue increased sharply from £190m to £220m, while adjusted PBT rose 8% to £20.0and EPS advanced 7%. We leave our forecasts unchanged for the full year but note the strong first half. We raise our price target from 630p to 680p.
09 Nov 2017
Key Brands Power Ahead in H1 with +16% Sales Growth
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Key Brands Power Ahead in H1 with +16% Sales Growth
Dairy Crest Group (DCG:LON) | 0 0 0.5% | Mkt Cap: 811.3m
- Published:
09 Nov 2017 -
Author:
Chris Wickham -
Pages:
4
Dairy Crest (DCG LN, HOLD, T/P 680p) released interim results broadly in line with both market and our own expectations. Net revenue increased sharply from £190m to £220m, while adjusted PBT rose 8% to £20.0and EPS advanced 7%. We leave our forecasts unchanged for the full year but note the strong first half. We raise our price target from 630p to 680p.