Analyst Andrew Douglas of Jefferies maintained a Buy rating on Senior plc (SNR – Research Report), retaining the price target of p185.00.
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Andrew Douglas has given his Buy rating due to a combination of factors, including Senior plc’s strong financial performance and strategic developments. The company’s FY24 preliminary results surpassed expectations, with sales and EBITA figures exceeding both Jefferies’ and consensus estimates. This indicates robust operational performance and efficient management.
Furthermore, the ongoing sale process of the Aerostructures division is at an advanced stage, which is seen as a positive step towards achieving the company’s medium-term targets. The management’s guidance for FY25 remains steady, suggesting confidence in the company’s future prospects. Additionally, there is potential for further growth through effective execution and margin-enhancing mergers and acquisitions. These factors collectively support the Buy rating given by Andrew Douglas.
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