Analyst David Farrell from Jefferies maintained a Hold rating on ZIGUP plc and increased the price target to p350.00 from p320.00.
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David Farrell’s rating is based on several factors influencing ZIGUP plc’s financial outlook. Despite a projected increase in EBITDA, the company is expected to experience rising net debt and declining earnings per share in the fiscal year 2026. This suggests financial challenges that may limit immediate growth potential.
While there is an anticipation of improved cash generation in the fiscal year 2027, Farrell believes it is premature for this to significantly impact the company’s equity narrative. Consequently, he maintains a Hold rating, reflecting a cautious stance until more favorable financial conditions materialize.
According to TipRanks, Farrell is a 4-star analyst with an average return of 10.5% and a 66.90% success rate. Farrell covers the Industrials sector, focusing on stocks such as Volution, Chemring, and Hill & Smith Holdings.