Analysts at Peel Hunt have reaffirmed their “buy” rating for Eurocell plc (LON: ECEL) in a research note released on September 4, 2023. The firm has set a price target of GBX 180, indicating a potential upside of approximately 43.4% from the stock’s previous closing price. This endorsement comes as the company continues to attract investor interest.
Separately, Berenberg Bank revised its target price for Eurocell, lowering it from GBX 300 to GBX 270, while maintaining a “buy” rating. This adjustment reflects a cautious approach amidst ongoing market evaluations. According to data from MarketBeat.com, two research analysts currently rate Eurocell with a “buy” recommendation, contributing to a consensus rating of “buy” and an average target price of GBX 225.
Recent Earnings and Company Overview
Eurocell reported its earnings results earlier this month, revealing earnings per share (EPS) of GBX 6 for the quarter ending on September 4. The company recorded a return on equity of 11.31% and a net margin of 3.51%. Analysts forecast that Eurocell will achieve earnings per share of approximately 19.47 for the current fiscal year, suggesting ongoing growth potential.
Eurocell specializes in the manufacture, distribution, and recycling of polyvinyl chloride (PVC) building products, including windows, doors, and roofline products, primarily serving customers in the United Kingdom and the Republic of Ireland. The company operates through two main segments: Profiles and Building Plastics. Its product range includes fascia and capping boards, finishing trims, soffit boards, and various accessories, as well as decking, fencing, and balustrades.
The recent ratings and performance metrics highlight Eurocell’s position in the market as analysts continue to monitor its growth trajectory. Investors looking to stay updated on Eurocell and similar companies can subscribe to MarketBeat.com’s daily email newsletter for concise summaries of the latest news and ratings.
