17 Nov 2015

Strong H1; move to Buy

Carclo plc (CAR:LON) | 66.0 3.1 7.6% | Mkt Cap: 48.5m

- Singer CM Team
- 3 pages

No surprises in the results following the pre-close in October. We view the loss of the VW programme as a one-off and continue to see strong growth potential from both Technical Plastics and LED Technologies. The shares have been weak in recent weeks and we move to Buy from Hold with a maintained target price of 135p.

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Strong H1; move to Buy

Carclo plc (CAR:LON) | 66.0 3.1 7.6% | Mkt Cap: 48.5m

Published: 17 Nov 2015
Author: Singer CM Team
Pages: 3

No surprises in the results following the pre-close in October. We view the loss of the VW programme as a one-off and continue to see strong growth potential from both Technical Plastics and LED Technologies. The shares have been weak in recent weeks and we move to Buy from Hold with a maintained target price of 135p.