BRSN Berendsen PLC

Technically in a very strong position.



Plus Fundys are backed by Broker BUY recos.

Forward P/E of just 9.7 to end of 2012
way too cheap and plenty of room for a re- rating.

Hemscot Premium

Berendsen PLC

FORECASTS 2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
21-02-12 HOLD 107.00 46.30 23.10 112.00 48.60 24.30
Seymour Pierce
01-02-12 BUY 108.00 45.70 114.90 48.40
Investec Securities
07-12-11 BUY 107.04 46.04 22.26 114.60 49.32 23.37
Evolution Securities Ltd
06-10-11 ADD 97.10 41.70 21.20 96.60 41.60 21.20
Charles Stanley Securities
07-07-11 BUY 82.10 45.30 22.00 93.50 50.70 23.00

2011 2012
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 106.10 45.42 22.40 111.69 47.78 23.32
1 Month Change 1.33 0.18 0.11 3.37 0.55 0.16
3 Month Change 4.52 0.81 0.19 4.18 0.50 0.28


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS -2.74% 50.24% 5.21%
DPS 0.00% 11.98% 4.10%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA £286.90m £307.95m £314.95m
EBIT £97.50m £135.50m £141.30m
Dividend Yield 4.28% 4.80% 4.99%
Dividend Cover 1.51x 2.03x 2.05x
PER 15.45x 10.28x 9.77x
PEG -5.64f 0.20f 1.88f
Net Asset Value PS -32.56p p p

From IG INDEX Broker Status

Broker Ratings

Strong Buy 3
Buy 3
Hold 4
Sell 1
Strong Sell 1

The Brokers who have reported latest
are the ones most obviously up to date
and are the ones with the buys on the
stock.

Cracking set of results.......

http://www.moneyam.com/action/news/showArticle?id=4315684

Up 8% NICE.

BRSN broken out today, will buy if positive tomorrow. Just a little further confirmation needed.

Opened positive, gone long.

Barclays Capitaltoday (21/03/17) downgrades its investment rating on Berendsen Plc (LON:BRSN) to underweight (from equal weight) and cut its price target to 700p (from 911p).

Credit Suisse today (22/03/17) downgrades its investment rating on Berendsen Plc (LON:BRSN) to underperform (from outperform) and cut its price target to 700p (from 1200p).

RBC Capital Markets today (29/03/17) downgrades its investment rating on Berendsen Plc (LON:BRSN) to underperform (from outperform) and cut its price target to 660p (from 950p).