Carr’s Group (CARR LN, BUY, T/P 185p) should release a trading statement on Tuesday 18th July 2017. We expect the engineering business to be more “as usual” than earlier in the year when contract delays prompted a downgrade to forecast. Agriculture should be more positive. In our view a number of longer term growth attractions remain in place, notably for international feedblocks. Our 185p price target is equivalent to a 19.8x calendar 2017 P/E. BUY.
17 Jul 2017
Trading Update due Tuesday
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Trading Update due Tuesday
Carr's Group PLC (CARR:LON), 112 | Nichols plc (NICL:LON), 990
- Published:
17 Jul 2017 -
Author:
Chris Wickham -
Pages:
4
Carr’s Group (CARR LN, BUY, T/P 185p) should release a trading statement on Tuesday 18th July 2017. We expect the engineering business to be more “as usual” than earlier in the year when contract delays prompted a downgrade to forecast. Agriculture should be more positive. In our view a number of longer term growth attractions remain in place, notably for international feedblocks. Our 185p price target is equivalent to a 19.8x calendar 2017 P/E. BUY.