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Jan 28 2020, 07:10 GMT
It has been quite a year for the UDG Healthcare (UDG) share price, rallying over 40% from Q1 2019 lows on solid operational execution, strong cash generation and three acquisitions. Notwithstanding this, the share is still trading at a 13% relative P/E discount to its US peer group, with materially more balance sheet optionality for future M&A. This morning’s Q1 IMS points to a good start to the year, underpinning consensus estimates and leaving the stock well positioned for 2020. Conference call takes place at 09:00 GMT.
Jan 28 2020, 07:10 GMT