Eurocell (ECEL)

Sector:

Construction and Building Materials

120.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 147.50
  • 52 Week Low: 106.00
  • Currency: UK Pounds
  • Shares Issued: 110.59m
  • Volume: 6,506
  • Market Cap: £132.71m
  • RiskGrade: 145

Berenberg reiterates 'buy' rating on Eurocell

By Iain Gilbert

Date: Thursday 01 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating on UPVC products manufacturer Eurocell on Thursday as the group continued to make market share gains.
Berenberg said Eurocell's first-half results were "robust", with the group delivering 13% revenue growth, maintaining guidance, and continuing to win new fabricator customers, supporting 2023 forecasts.

The German bank stated that with Eurocell shares now trading on a 7.8x price-to-earnings ratio, it thinks they are "compelling" given several company-specific tailwinds - including market share gains, favourable sustainability tailwinds, and margin benefits from new facilities.

Berenberg also expects the group to end 2022 with leverage of 0.3x net debt/underlying earnings, aided by a reduction in inventory, leaving plenty of optionality.

"As the benefits of the new facilities come through, we believe management's focus can shift towards M&A and supplementary cash distributions," said the analysts.

Berenberg also maintained its 310.0p target price on the stock.





Reporting by Iain Gilbert at Sharecast.com

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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.

 

Eurocell Market Data

Currency UK Pounds
Share Price 120.00p
Change Today 1.00p
% Change 0.84 %
52 Week High 147.50
52 Week Low 106.00
Volume 6,506
Shares Issued 110.59m
Market Cap £132.71m
RiskGrade 145

Eurocell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
46.97% above the market average46.97% above the market average46.97% above the market average46.97% above the market average46.97% above the market average
73.68% above the sector average73.68% above the sector average73.68% above the sector average73.68% above the sector average73.68% above the sector average
Price Trend
20.52% below the market average20.52% below the market average20.52% below the market average20.52% below the market average20.52% below the market average
41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average
Income
91.15% above the market average91.15% above the market average91.15% above the market average91.15% above the market average91.15% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
4.55% below the market average4.55% below the market average4.55% below the market average4.55% below the market average4.55% below the market average
21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Eurocell Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Sep-23 20-Apr-23
Paid 06-Oct-23 17-May-23
Amount 2.00p 7.20p

Trades for 04-Mar-2024

Time Volume / Share Price
08:19 60 @ 117.25p
08:00 1,114 @ 121.80p
08:00 1,114 @ 121.80p
08:00 2,109 @ 121.80p
08:00 2,109 @ 121.80p

Eurocell Key Personnel

CEO Darren Waters

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