Cropper has made a “promising start” to the current financial year with group sales in Q1 up 9% (year-on-year). This is encouraging as it is ahead of the 6.6% run-rate we forecast for the full-year. Progress has been made in each of the three divisions and adj. PBT has been in line with management expectations. The share price has risen strongly since the results last month when we increased our target price to 870p. At the current level and with no changes to forecasts, at this s
27 Jul 2016
Positive AGM statement
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Positive AGM statement
James Cropper plc (CRPR:LON) | 255 -12.8 (-1.9%) | Mkt Cap: 24.4m
- Published:
27 Jul 2016 -
Author:
Robert Sanders -
Pages:
2
Cropper has made a “promising start” to the current financial year with group sales in Q1 up 9% (year-on-year). This is encouraging as it is ahead of the 6.6% run-rate we forecast for the full-year. Progress has been made in each of the three divisions and adj. PBT has been in line with management expectations. The share price has risen strongly since the results last month when we increased our target price to 870p. At the current level and with no changes to forecasts, at this s