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Pin to quick picksJames Fisher and Sons Share News (FSJ)

Share Price Information for James Fisher and Sons (FSJ)

London Stock Exchange
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Share Price: 300.00
Bid: 300.00
Ask: 304.00
Change: 0.00 (0.00%)
Spread: 4.00 (1.333%)
Open: 296.00
High: 304.00
Low: 296.00
Prev. Close: 300.00
FSJ Live PriceLast checked at -

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Canaccord Genuity raises target price on James Fisher

Fri, 12th Mar 2021 09:06

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on oilfield services firm James Fisher from 1,200.0p to 1,375.0p on Friday following the group's full-year results a day earlier.
Canaccord highlighted that James Fisher's full-year results had come in at the top end of previous guidance, with earnings per share of 47.8p, down 39% year-on-year on known Covid-related problems and specific challenges in project-related work for the offshore marine markets, a writedown of various assets clearing the decks for its upcoming strategic review and a strong cash performance that resulted in year-end net debt of £198.0m.

Looking forward, the Canadian bank said Fisher's outlook for 2021 was for "a significant earnings recovery", with a reduction in Covid-19 effects and strong positive signs across multiple markets.

Canaccord, which reiterated its 'buy' rating on the stock, said it was now taking "a slightly more cautious view on earnings", moving broadly in line with consensus and reducing its forecasts by roughly 9% for the next three years.

However, at the same time, the analysts said they were "increasingly confident" in a resumption of Fisher's traditional valuation premium with "a more strategically focussed portfolio".
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20 Apr 2021 15:36

EXECUTIVE CHANGES: James Fisher names new CFO; Lekoil loses new chair

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29 Mar 2021 10:09

SMALL-CAP WINNERS & LOSERS: Investee deals lift Zegona and Daily Mail

SMALL-CAP WINNERS & LOSERS: Investee deals lift Zegona and Daily Mail

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29 Mar 2021 09:19

James Fisher finance head to step down after ten years at helm

James Fisher finance head to step down after ten years at helm

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11 Mar 2021 11:27

James Fisher swings to loss, lowers FY dividends

(Sharecast News) - Marine engineer James Fisher swung to a full-year loss in 2020, leading the group to slash its annual dividend.

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11 Mar 2021 11:14

James Fisher & Sons outlook cautious as swings to loss in 2020

James Fisher & Sons outlook cautious as swings to loss in 2020

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4 Mar 2021 15:59

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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23 Feb 2021 16:11

UK Earnings, Trading Statements Calendar - Next 7 Days

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25 Jan 2021 09:51

James Fisher & Sons Appoints Outgoing Serco CFO Cockburn As Chair

James Fisher & Sons Appoints Outgoing Serco CFO Cockburn As Chair

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7 Jan 2021 10:51

UK WINNERS & LOSERS SUMMARY: Mitchells & Butlers Down Amid Raise Plan

UK WINNERS & LOSERS SUMMARY: Mitchells & Butlers Down Amid Raise Plan

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7 Jan 2021 09:02

James Fisher Sees Improved Trading But 2020 Profit Still Down 40%

James Fisher Sees Improved Trading But 2020 Profit Still Down 40%

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7 Jan 2021 08:39

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Hammerson, McCarthy & Stone Could Rejoin FTSE 250 In Upcoming Review

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UK DIRECTOR DEALINGS SUMMARY: Clarkson Non-Exec Splashes Out GBP112,000

UK DIRECTOR DEALINGS SUMMARY: Clarkson Non-Exec Splashes Out GBP112,000

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