Hunters Property (HUNT.L) today announced a trading update. Management stated that HUNT has made ‘an encouraging start to the year’ with ‘sales in the first half of 2018 slightly ahead of the same period of 2017, leading to a satisfactory increase in EBITDA’. The business has started the year in-line and we leave our income statement forecasts largely unchanged. We retain our 70p price target and “Buy” recommendation.
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Trading update.
- Published:
23 Jul 2018 -
Author:
Thomas Like -
Pages:
4
Hunters Property (HUNT.L) today announced a trading update. Management stated that HUNT has made ‘an encouraging start to the year’ with ‘sales in the first half of 2018 slightly ahead of the same period of 2017, leading to a satisfactory increase in EBITDA’. The business has started the year in-line and we leave our income statement forecasts largely unchanged. We retain our 70p price target and “Buy” recommendation.