Peel Hunt: 35p target23 Mar 2015 11:04
Broker Peel Hunt said it has always been confident Poland had the right ingredients for a successful Domino’s Pizza roll-out.
"It was largely a question of how long it would take to achieve, and how much capital would be required," said analyst Nick Batram.
"After a tough few years, 2014 looks like being a point of inflection for DP Poland and this has rightly been reflected in the share price.
"There is still much to do, but we believe the risk profile has reduced and this leads us to upgrade our fair value to 35p."
The broker expects the group to hit breakeven at the EBITDA level in 2018.