The H1 trading update is worse than we feared with a couple of additional negative drags in the period compounding top-line challenges. No change to full year guidance at this stage but the H2 hill has become much steeper post today’s news. We fundamentally like AG Barr but forecast risk, low growth and valuation influences as to stick with our Sell on expectation of share price underperformance in 2015.
24 Jul 2015
Worse than expected H1 update – we stay at Sell
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Worse than expected H1 update – we stay at Sell
A.G. BARR p.l.c. (BAG:LON) | 582 11.6 0.3% | Mkt Cap: 652.0m
- Published:
24 Jul 2015 -
Author:
Sahill Shan -
Pages:
3
The H1 trading update is worse than we feared with a couple of additional negative drags in the period compounding top-line challenges. No change to full year guidance at this stage but the H2 hill has become much steeper post today’s news. We fundamentally like AG Barr but forecast risk, low growth and valuation influences as to stick with our Sell on expectation of share price underperformance in 2015.