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  2. Share Prices
  3. Fuller Smith & Turner Share Price
  4. Fuller Smith & Turner Share News
  5. Peel Hunt ups Fuller's to 'buy' after beer business sale

Pin to quick picksFuller Smith & Turner Share News (FSTA)

Fuller Smith & Turner Information

Share Price Information for Fuller Smith & Turner (FSTA)

London Stock Exchange
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Share Price: 720.00
Bid: 710.00
Ask: 718.00
Change: 14.00 (1.98%)
Spread: 8.00 (1.127%)
Open: 696.00
High: 720.00
Low: 696.00
Prev. Close: 706.00
FSTA Live PriceLast checked at -

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Peel Hunt ups Fuller's to 'buy' after beer business sale

Fri, 25th Jan 2019 14:17

(Sharecast News) - Peel Hunt upgraded its recommendation on Fuller, Smith & Turner on Friday and lifted the price target to 1,250p from 1,150p after the company agreed to sell its entire 200-year old brewery business to Japan's Asahi for an enterprise value of £250m."For Fuller's, the result is clear: this transformative deal provides the foundation for many years of strong growth, hence we are moving our recommendation from 'add' to 'buy'." The broker said the price, which represents 23.6x EBITDA, is a good transaction. "It had to be; the company was not going to undertake it lightly."Peel said it has adjusted its forecasts, expecting this transaction initially to dilute FY profits by circa 10% from May. However, after returning £55-69m to shareholders, it expects net debt/EBITDA to drop below 1x, a position from which the pub estate should be able to grow rapidly."As the company has a small amount of expensive debentures, lower debt could increase the cost of debt in the short term, but this is not a concern. The company is likely to become more acquisitive, but without compromising on its disciplined acquisition criteria," the broker said.Fuller's said earlier that it would net about £205m in cash from the sale.At 1435 GMT, the shares were up 15.5% to 1,050p.
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6 Jun 2022 15:57

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Thursday 9 June 
Peel Hunt LtdFull Year Results
CMC Markets PLCFull Year Results
British American Tobacco PLCTrading Statement
AVI Global Trust PLCHalf Year Results
Tate & Lyle PLCFull Year Results
Mitie Group PLCFull Year Results
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Fuller Smith & Turner PLCFull Year Results
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1 Jun 2022 12:29

Fuller's secures new £200m banking facilities

(Sharecast News) - Fuller, Smith & Turner has successfully completed the refinancing of its debt facilities of £192m, which were due to mature in February next year.

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1 Jun 2022 10:23

IN BRIEF: Fuller, Smith & Turner refinances debt facilities

Fuller, Smith & Turner PLC - London-based pub and hotel company - Completes refinancing of its debt facilities of GBP192 million that were due to mature in February 2023. Its new debt facilities consist of a GBP90 million term loan and a GBP110 million revolving credit facility, provided by a syndicate of seven banks.

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4 Apr 2022 10:28

Berenberg lowers target price on Fuller, Smith & Turner

(Sharecast News) - Analysts at Berenberg lowered their target price on pub landlord Fuller, Smith & Turner from 1,000.0p to 850.0p on Monday but acknowledged that London's recovery was building steam.

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4 Apr 2022 09:47

LONDON BROKER RATINGS: Barclays downgrades Aviva and raises Just Group

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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17 Mar 2022 14:16

EXECUTIVE CHANGES: Young's promotes new CEO; Centrica replaces Hester

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and Thursday and not separately reported by Alliance News:

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22 Feb 2022 13:27

IN BRIEF: Shepherd Neame hires Rank executive as new head of pubs

Shepherd Neame Ltd - Faversham, Kent-based brewer and pub chain - Hires Jonathon Swaine to be managing director for Pubs arm. Swaine joins from casino operator Rank Group PLC, where he is MD for Retail. Prior to Rank, Swaine was MD for Fuller's Inns, the largest division of Fuller, Smith & Turner PLC. Shepherd Neame says it will make a further announcement with the date when Swaine will join. Chief Executive Officer Jonathan Neame says Swaine is "an operator of considerable experience and is highly respected within the industry.

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27 Jan 2022 20:20

TRADING UPDATES: Fuller's knocked by Omicron; Wilmington lifts outlook

TRADING UPDATES: Fuller's knocked by Omicron; Wilmington lifts outlook

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27 Jan 2022 09:16

Fullers delivers 'steadily improving performance' since reopening estate

(Sharecast News) - Pub landlord Fuller, Smith & Turner said on Thursday that it had delivered a "steadily improving trading performance" since reopening its estate on 19 July 2021.

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4 Jan 2022 10:45

SMALL-CAP WINNERS & LOSERS: Fuller's, Gym Group bounce; Avon struggles

SMALL-CAP WINNERS & LOSERS: Fuller's, Gym Group bounce; Avon struggles

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4 Jan 2022 08:51

LONDON MARKET OPEN: Travel stocks jump as markets start year strongly

LONDON MARKET OPEN: Travel stocks jump as markets start year strongly

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29 Dec 2021 15:55

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

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9 Dec 2021 14:44

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

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19 Nov 2021 09:39

LONDON BROKER RATINGS: Credit Suisse cuts Johnson Matthey to Neutral

LONDON BROKER RATINGS: Credit Suisse cuts Johnson Matthey to Neutral

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18 Nov 2021 11:35

Fuller's resumes payouts as swings to interim profit

Fuller's resumes payouts as swings to interim profit

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