Analyst Andrew Douglas of Jefferies maintained a Buy rating on Senior plc, with a price target of p185.00.
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Andrew Douglas has given his Buy rating due to a combination of factors, primarily driven by Senior plc’s robust performance and positive outlook. The company’s recent 10-month trading update revealed stronger-than-expected results from its Flexonics division and sustained growth in its Aerospace sector, which saw a notable 9.4% increase in constant currency sales. This improvement marks a significant step up from the growth observed in the first half of the year.
Management’s guidance for the fiscal year 2025 indicates that profit before tax and amortization is expected to surpass previous expectations, suggesting potential consensus upgrades. The equity story remains compelling with medium to long-term improvement prospects. Despite some mixed market conditions anticipated for Flexonics in fiscal year 2026, its margins are expected to stay resilient. The overall outlook for Senior plc remains positive, with confidence in management’s ability to achieve total shareholder return growth and EBITA margin enhancements.
According to TipRanks, Douglas is a 4-star analyst with an average return of 4.8% and a 56.82% success rate. Douglas covers the Industrials sector, focusing on stocks such as Senior plc, Smiths Group plc, and Avon Technologies.