Not broken out yet but could quite easily do in the next few days. Solid results the other day and some sound Broker support.
HELLERMANNTYTON GROUP BROKER VIEWS
Date Broker Recommendation Price Old target price New target price Notes
06 Mar Goldman Sachs Buy 321.60 370.00 390.00 Reiterates
05 Mar Canaccord Genuity Buy 321.60 330.00 370.00 Reiterates
05 Mar JP Morgan Cazenove Overweight 321.60 - - Reiterates
04 Mar JP Morgan Cazenove Overweight 321.60 360.00 370.00 Reiterates
03 Mar Numis Add 321.60 340.00 340.00 Reiterates
Outlook (from results 3 March 2014)
2014 has started well as the Group continues to focus on delivering growth through broadly based initiatives. Global industrial production is forecast to increase in 2014, and we expect to benefit from this given our focus on providing innovative solutions for our industrial customer base. In addition, we anticipate being able to carry on taking advantage of a number of positive underlying structural drivers, including the increasing demand for power and data and the ongoing switch from metal to plastic. Our programme of capital investment is designed to ensure we continue to deliver sustainable growth.