Fisher (James) & Sons (FSJ)

Sector:

Commercial Transport

Index:

FTSE Small Cap

 340.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 371.00p
  • 52 Week Low: 245.50p
  • Currency: UK Pounds
  • Shares Issued: 50.50m
  • Volume: 7,293
  • Market Cap: £171.69m
  • RiskGrade: 237

Canaccord Genuity slashes target price on James Fisher

By Iain Gilbert

Date: Thursday 06 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity slashed their target price on marine engineering services provider James Fisher from 1,375.0p to 625.0p on Thursday but said they remained "chastened buyers" of the stock.
Canaccord said James Fisher had "a challenging 2021", with three profit warnings triggered by a mix of Covid-19 pandemic-related demand slowdown, marine oil and gas slowdowns, specific customer challenges, and "a broader sense of the long-standing particularity of Fisher being lost".

However, while the Canadian bank stated it was shifting forecasts, updating earnings to "more straightened circumstances" and "taking a more cautious view on dividends and cash generation", it also highlighted that the key markets Fisher was exposed to were "starting to improve".

"In particular, we see strong upside from the wave of activity in offshore wind, mostly going into 2023, and in the shorter term from recovering oil and gas markets globally. One early sign of this - the settlement of a dispute with a customer in Mozambique (we believe a group led by Total) - resulted in an extraordinary 30% jump in the share price in the twilight zone of trading between Christmas and New Year," noted the analysts.

"Given the softer markets, and the need to rebuild trust, we are moving our target multiple down to a much more sober 7x/6x 22/23E EV/EBITDA (at the peak of its pomp Fisher used to enjoy a double-digit EBITDA multiple) and our price target moves accordingly, to 625.0p (was 1,375.0p.) We remain chastened BUYers."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FSJ Market Data

Currency UK Pounds
Share Price 340.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 371.00p
52 Week Low 245.50p
Volume 7,293
Shares Issued 50.50m
Market Cap £171.69m
RiskGrade 237

FSJ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.2% below the market average51.2% below the market average51.2% below the market average51.2% below the market average51.2% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Price Trend
71.24% above the market average71.24% above the market average71.24% above the market average71.24% above the market average71.24% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income Not Available
Growth
76.1% below the market average76.1% below the market average76.1% below the market average76.1% below the market average76.1% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FSJ Dividends

  Latest Previous
  Interim Interim
Ex-Div 01-Oct-20 03-Oct-19
Paid 06-Nov-20 01-Nov-19
Amount 8.00p 11.30p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 3,456 @ 340.00p
16:35 1,524 @ 340.00p
16:35 1,067 @ 340.00p
16:35 9 @ 340.00p
16:35 15 @ 340.00p

FSJ Key Personnel

CFO Karen Hayzen-Smith

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