Today’s Q3 trading update is broadly in-line with the guidance given back at the September interims. Underlying growth remains flat but the group is holding market share in a tough and deflationary environment. At present it is still in the game re hitting this year’s forecasts, but crucially, remains dependent on having a good Christmas. We make no forecast changes this morning and feel the shares on a calendar 16 P/E of 17x on low digit EPS growth expectations look fully valued.
03 Dec 2015
Q3 in-line but trading environment remains tough
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Q3 in-line but trading environment remains tough
A.G. BARR p.l.c. (BAG:LON) | 558 0 0.0% | Mkt Cap: 624.6m
- Published:
03 Dec 2015 -
Author:
Sahill Shan -
Pages:
3
Today’s Q3 trading update is broadly in-line with the guidance given back at the September interims. Underlying growth remains flat but the group is holding market share in a tough and deflationary environment. At present it is still in the game re hitting this year’s forecasts, but crucially, remains dependent on having a good Christmas. We make no forecast changes this morning and feel the shares on a calendar 16 P/E of 17x on low digit EPS growth expectations look fully valued.