Gateley has released a trading update for the 6m to 31 October 2019, noting performance is in line with market expectation (Arden est. £110m revenues, £19.3m Adj Operating Profit, 13.9p Adj Dil EPS). We maintain our price target of 170p to hold the shares on 12.5x FY20E EPS, and stay Neutral on the shares.
26 Nov 2019
Interim trading update
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Interim trading update
Gateley (Holdings) Plc (GTLY:LON) | 120 0 0.0% | Mkt Cap: 158.6m
- Published:
26 Nov 2019 -
Author:
James Bayliss -
Pages:
2
Gateley has released a trading update for the 6m to 31 October 2019, noting performance is in line with market expectation (Arden est. £110m revenues, £19.3m Adj Operating Profit, 13.9p Adj Dil EPS). We maintain our price target of 170p to hold the shares on 12.5x FY20E EPS, and stay Neutral on the shares.