Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCSRT.L Share News (CSRT)

  • There is currently no data for CSRT

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Investec reaffirms Consort Medical at 'buy', warns of weakening Euro

Tue, 16th Jun 2015 09:14

Investec has kept Consort Medical's rating at 'buy', and upped its price target from 928p to 1033p. Despite being optimistic about the healthcare firm's operational performance, Investec is concerned about the headwind posed by a strengthening Euro.Investec said in a note Consort's revenue of £184.8m had surpassed its estimates by 2.2%, driven by a solid underlying progression."Operationally, Consort is performing well and, with a deep pipeline of opportunities to capitalise upon, we think growth could be significantly enhanced over the medium term."Investec noted how Consort's Aesica division is heavily exposed to the Euro, which makes up more than half its revenues.Shares in the company were at 930.58, up 0.33% on Tuesday at 9:35.
More News

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.