The group has once again produced a strong set of results with profitability up 44% YoY, 9% ahead of the finnCap forecast. Cash generation remains strong and our two-year forecast profit growth of 63% remains unchanged. We raise our target price to 45p.
13 Oct 2015
Strong results; target price increase
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Strong results; target price increase
dotDigital Group plc (DOTD:LON) | 85.6 0.7 0.9% | Mkt Cap: 262.4m
- Published:
13 Oct 2015 -
Author:
Cavendish Research - Pages:
The group has once again produced a strong set of results with profitability up 44% YoY, 9% ahead of the finnCap forecast. Cash generation remains strong and our two-year forecast profit growth of 63% remains unchanged. We raise our target price to 45p.