Quarto’s solid interim results reinforce our confidence that it remains on track to make good progress during the current year and to drive long-term growth. We are positive on the group’s prospects following concerted reorganisation and repositioning and we like its low risk and cash generative business model. We forecast three-year aggregate EPS growth of 35%, which in tandem with a solid yield suggests an attractive total return proposition. We reiterate our 327p target price a
13 Aug 2015
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- Published:
13 Aug 2015 -
Author:
Roddy Davidson -
Pages:
5
Quarto’s solid interim results reinforce our confidence that it remains on track to make good progress during the current year and to drive long-term growth. We are positive on the group’s prospects following concerted reorganisation and repositioning and we like its low risk and cash generative business model. We forecast three-year aggregate EPS growth of 35%, which in tandem with a solid yield suggests an attractive total return proposition. We reiterate our 327p target price a