Animalcare Group (ANCR)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

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 153.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 224.00
  • 52 Week Low: 115.00
  • Currency: UK Pounds
  • Shares Issued: 60.04m
  • Volume: 0
  • Market Cap: £92.16m
  • Beta: 0.01

Animalcare in line for double-digit growth ahead, says Panmure Gordon

By Iain Gilbert

Date: Wednesday 18 Apr 2018

LONDON (ShareCast) - (ShareCast News) - Animalcare is facing competitive pressures across its current sales mix, but while analysts at Panmure Gordon made some slight revisions to revenue and margin projections, they see strong growth ahead.
Forecast changes included shifting a chunk of EBITDA for 2018 into 2019, but numbers still inferred that the company was "set on delivering double-digit EBITDA growth" over the next two years on its enlarged pan-European platform.

Animalcare released a trading update on Wednesday morning ahead of its preliminary results in May that told investors to expect an estimated 9.5% year-on-year increase in revenues to £91.9m, slightly ahead of both the company and the broker's estimates, with earnings "broadly" in line with management expectations.

In terms of next year, the AIM-quoted group warned that a combination of its sales mix and competitive pressures were expected to negatively impact margins, despite earnings being significantly ahead of the prior year.

This made Panmure analyst Mike Mitchell quite keen to see Animalcare's May prelims to garner "further detail and granularity".

But in terms of his immediate view on numbers, Mitchell forecasts for the 2017-2019 period saw expectations revised upwards for reported total revenues in 2018 to £98.5m from £97.3m but he took a more conservative view on margins.

Still, with a new target price of 365p, a 15% discount to its peer-group derived target price of 429p, the shares remained a 'buy'.

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ANCR Market Data

Currency UK Pounds
Share Price 153.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 224.00
52 Week Low 115.00
Volume 0
Shares Issued 60.04m
Market Cap £92.16m
Beta 0.01

ANCR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.01% below the market average21.01% below the market average21.01% below the market average21.01% below the market average21.01% below 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
Price Trend
21.89% below the market average21.89% below the market average21.89% below the market average21.89% below the market average21.89% below the market average
8.2% below the sector average8.2% below the sector average8.2% below the sector average8.2% below the sector average8.2% below the sector average
Income
11.98% below the market average11.98% below the market average11.98% below the market average11.98% below the market average11.98% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Growth
6.68% below the market average6.68% below the market average6.68% below the market average6.68% below the market average6.68% below the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average

What The Brokers Say

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

ANCR Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-19 25-Oct-18
Paid 05-Jul-19 23-Nov-18
Amount 2.40p 2.00p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

ANCR Key Personnel

CFO Chris Brewster
CEO Jenny Winter

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