Andrew Douglas, an analyst from Jefferies, reiterated the Buy rating on Senior plc (SNR – Research Report). The associated price target remains the same with p185.00.
Andrew Douglas’s rating is based on several positive indicators from Senior plc’s recent trading update. The company has demonstrated a strong start to the year, with a notable book-to-bill ratio of 1.35x, which suggests robust demand relative to supply. This performance is in line with management’s expectations, despite the presence of tariffs that have had a limited but manageable impact. Furthermore, the company’s management has maintained their financial year 2025 forecasts, which is reassuring to investors given the current mixed macroeconomic environment.
Additionally, Senior plc has shown progress in its Aerostructures disposal, which is seen as a positive development. The company’s ability to outperform its end markets in both its Aerospace and Flexonics divisions further strengthens its position. With Aerospace sales experiencing a 4% year-over-year increase, driven by growth in civil aerospace markets, and stable Flexonics sales, the overall outlook remains promising. These factors collectively support Andrew Douglas’s Buy rating for Senior plc’s stock.
According to TipRanks, Douglas is a 2-star analyst with an average return of -0.1% and a 47.91% success rate.