The company has announced a positive end to the current year, being in line with expectations, but also signalling that 2019 profitability will exceed previous expectations, gaining from an improved margin mix and the recent purchase of Ormandy assets. We are raising our 2019 EPS forecast by 14.2% to 10.3p. This is a positive announcement and should help generate some momentum in the shares. We retain our existing 272p price target, giving considerable upside.
25 Jun 2018
Avingtrans - Positive trading update and contract win
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Avingtrans - Positive trading update and contract win
Avingtrans plc (AVG:LON) | 405 0 0.0% | Mkt Cap: 134.0m
- Published:
25 Jun 2018 -
Author:
David Buxton -
Pages:
4
The company has announced a positive end to the current year, being in line with expectations, but also signalling that 2019 profitability will exceed previous expectations, gaining from an improved margin mix and the recent purchase of Ormandy assets. We are raising our 2019 EPS forecast by 14.2% to 10.3p. This is a positive announcement and should help generate some momentum in the shares. We retain our existing 272p price target, giving considerable upside.