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.
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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.
