Underlying interim earnings in 2014/15 fell short of our expectations, with UK bus margins down to 3.5%. Underlying EPS fell 33.3% to 1.2p per share. We see few catalysts in the near term and maintain our Hold recommendation and 120p target price.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Underlying interim earnings in 2014/15 fell short of our expectations, with UK bus margins down to 3.5%. Underlying EPS fell 33.3% to 1.2p per share. We see few catalysts in the near term and maintain our Hold recommendation and 120p target price.
