In a report released today, Andrew Douglas from Jefferies reiterated a Buy rating on Senior plc, with a price target of p230.00.
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Andrew Douglas has given his Buy rating due to a combination of factors that highlight the promising aspects of Senior plc’s current and future performance. The recent trading update has shown that the company’s Aerospace division is exceeding expectations, which is a significant positive indicator for future growth. Despite some concerns about the Flexonics division, the overall outlook remains optimistic, with the potential for substantial improvements.
Furthermore, while consensus estimates for 2025 have been adjusted upwards, the forecast for 2026 has seen a slight decline due to the Flexonics weakness. However, Douglas notes that the underlying EBITA for 2026 remains relatively stable, suggesting resilience in the company’s financials. The positive trajectory of the Aerospace division and the potential for further gains underpin the Buy rating, with a new price target set at 230p.
According to TipRanks, Douglas is a 4-star analyst with an average return of 4.1% and a 55.06% success rate. Douglas covers the Industrials sector, focusing on stocks such as Senior plc, IMI plc, and Smiths Group plc.
In another report released on November 21, Berenberg Bank also maintained a Buy rating on the stock with a p275.00 price target.