As anticipated AG Barr has reported a weak set of interims this morning. Momentum for various reasons has failed to pick up in Q3, and management is now guiding to a flat YoY PBT outcome for the year, implying a 5% downgrade. Our Sell this year on the grounds of forecast risk and low growth expectations relative to a full rating has served us well, and we maintain our cautious stance.
22 Sep 2015
Profit warning
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Profit warning
A.G. BARR p.l.c. (BAG:LON) | 548 -16.4 (-0.5%) | Mkt Cap: 613.4m
- Published:
22 Sep 2015 -
Author:
Sahill Shan -
Pages:
3
As anticipated AG Barr has reported a weak set of interims this morning. Momentum for various reasons has failed to pick up in Q3, and management is now guiding to a flat YoY PBT outcome for the year, implying a 5% downgrade. Our Sell this year on the grounds of forecast risk and low growth expectations relative to a full rating has served us well, and we maintain our cautious stance.