A positive year end update and ongoing strong order intake has prompted us to upgrade our EPS forecasts by 4%, moving towards management’s medium term ambition to get back to 20%+ growth. In addition, CRW is a dollar reporter and not exposed to any Brexit related uncertainties. We therefore see it as a key safe haven play with improving growth credentials and reiterate our Buy recommendation with an increased target price of 1033p (from 884p).
07 Jul 2016
N+1 Singer - Craneware - Safe haven with positive momentum
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N+1 Singer - Craneware - Safe haven with positive momentum
Craneware plc (CRW:LON) | 2,215 -553.8 (-1.1%) | Mkt Cap: 782.6m
- Published:
07 Jul 2016 -
Author:
Chris Glasper -
Pages:
4
A positive year end update and ongoing strong order intake has prompted us to upgrade our EPS forecasts by 4%, moving towards management’s medium term ambition to get back to 20%+ growth. In addition, CRW is a dollar reporter and not exposed to any Brexit related uncertainties. We therefore see it as a key safe haven play with improving growth credentials and reiterate our Buy recommendation with an increased target price of 1033p (from 884p).