A reassuring update which confirms a stronger H2 and also confirms that Carclo is not exposed to the weaker macro areas at present. As we said in November, CIT is now history and the two main divisions are ripe with opportunity; coupled with little exposure to general industrial activity/oil & gas, this is a strong investment case. We retain our target price of 156p and Buy recommendation.
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Carclo plc (CAR:LON) | 7.5 0 7.9% | Mkt Cap: 5.49m
- Published:
04 Feb 2016 -
Author:
Jon Lienard -
Pages:
3
A reassuring update which confirms a stronger H2 and also confirms that Carclo is not exposed to the weaker macro areas at present. As we said in November, CIT is now history and the two main divisions are ripe with opportunity; coupled with little exposure to general industrial activity/oil & gas, this is a strong investment case. We retain our target price of 156p and Buy recommendation.