Origin Enterprises

Strong Q3 delivery prompts FY2019 EPS upgrade

  • Sectors : Foods
  • Companies : Origin Enterprises

Ratings and price correct at time of issue.

  • Origin Enterprises

    Closing Price: 534c

  • RATING 30/06/09

  • PREVIOUS RATING N/A

DAVY VIEW

Sustained operational momentum in Origin's largest region (Ireland/UK, c.70% of group EBITA) through Q3 prompts us to upgrade FY19 EPS forecasts by 2%. As such, Origin remains on track to deliver its third consecutive year of operational progress and earnings delivery – which has yet to be reflected in the equity. The share remains mis-priced.

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Jun 19 2019, 07:45 IST/BST

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