Headline interim numbers, while flattered by Sterling weakness relative to Euro and Yen, were strong and lead us to upgrade FY17E and FY18E PBT by 14% respectively. Our price target increases from 185p to 215p.
09 Dec 2016
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ME Group International plc (MEGP:LON) | 166 0 0.0% | Mkt Cap: 625.1m
- Published:
09 Dec 2016 -
Author:
Cavendish Research -
Pages:
16
Headline interim numbers, while flattered by Sterling weakness relative to Euro and Yen, were strong and lead us to upgrade FY17E and FY18E PBT by 14% respectively. Our price target increases from 185p to 215p.