UDG Healthcare plc

Q1 IMS: well positioned for 2020

  • Sectors : Pharma and healthcare
  • Companies : UDG Healthcare plc

Ratings and price correct at time of issue.

  • UDG Healthcare plc

    Closing Price: 793.0p

  • RATING 30/06/09

  • PREVIOUS RATING N/A

DAVY VIEW

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.

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Jan 28 2020, 07:10 GMT

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