The achieved FY16 margin was as an ambitious target when set in 2013, but is now seen as a staging post to the new aim of doubling PBT by FY20. Our revised estimates track towards this. With double-digit earnings progress expected (and a PEG below 1x), plus a rising dividend profile, Severfield now clearly offers both income and capital growth attractions.
18 Jul 2016
Margin targets met, new goals set
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Margin targets met, new goals set
Severfield Plc (SFR:LON) | 68.0 0.5 1.2% | Mkt Cap: 210.5m
- Published:
18 Jul 2016 -
Author:
Toby Thorrington -
Pages:
6
The achieved FY16 margin was as an ambitious target when set in 2013, but is now seen as a staging post to the new aim of doubling PBT by FY20. Our revised estimates track towards this. With double-digit earnings progress expected (and a PEG below 1x), plus a rising dividend profile, Severfield now clearly offers both income and capital growth attractions.