We view this morning’strading update from Cropper as very reassuring, in that the board expects the group to meet market expectations for FY2018. As such we believe that the recent share price weakness, due to increased pulp prices, provides a buying opportunity. With no changes to any of our forecasts we maintain our 1750p target price and upgrade our recommendation to Buy from Add. We shall publish a more detailed note to accompany the interim results scheduled for 14 November 2017.
11 Oct 2017
Reassuring trading update
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Reassuring trading update
James Cropper plc (CRPR:LON) | 255 -12.8 (-1.9%) | Mkt Cap: 24.4m
- Published:
11 Oct 2017 -
Author:
Robert Sanders -
Pages:
2
We view this morning’strading update from Cropper as very reassuring, in that the board expects the group to meet market expectations for FY2018. As such we believe that the recent share price weakness, due to increased pulp prices, provides a buying opportunity. With no changes to any of our forecasts we maintain our 1750p target price and upgrade our recommendation to Buy from Add. We shall publish a more detailed note to accompany the interim results scheduled for 14 November 2017.