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BUZZ--Hogg Robinson hits year-low despite "strong buy" rating

Fri, 05th Sep 2014 07:35

** Hogg Robinson hits a 52-week low after losing 5percent yesterday, the second-biggest loser at the close on theFTSE Small Cap index

** Admin firm warned in July profits in H1 2015 would belower than expected.

** HRG still rated as a "buy" by all four analysts coveringthe stock despite losing 21.8 percent in the last year,according to StarMine.

Chart: http://link.reuters.com/kyx72w

** HRG has been hit by the strong pound, but underlyingclient spend was up 5% in Q1.

** "While the update was poor, HRG's actions give usconfidence profit growth will resume in FY16," said an analystranked at four-stars by StarMine.

** Shares rebounded 4 percent in early trading this morning.

(RM: alasdair.pal.thomsonreuters.com@reuters.net)

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