Coral Products recently announced the acquisition of Ecodeck Grids Ltd. We have reviewed our financial model and raised our EPS forecasts for FY23E and FY24E by 10.2% and 19.3% respectively. we examine the balance sheet metrics following the four acquisitions announced this year. We maintain a BUY rating.
14 Oct 2022
Cenkos: Coral Products Plc -- Upgrading earnings forecasts
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Cenkos: Coral Products Plc -- Upgrading earnings forecasts
Coral Products plc (CRU:LON) | 9.8 0 0.0% | Mkt Cap: 8.69m
- Published:
14 Oct 2022 -
Author:
Edward Stacey -
Pages:
8
Coral Products recently announced the acquisition of Ecodeck Grids Ltd. We have reviewed our financial model and raised our EPS forecasts for FY23E and FY24E by 10.2% and 19.3% respectively. we examine the balance sheet metrics following the four acquisitions announced this year. We maintain a BUY rating.