Tyman

Switching gears

  • Sectors : Building products
  • Companies : Tyman

Ratings and price correct at time of issue.

  • Tyman

    Closing Price: 488p

  • RATING 24/03/21

  • PREVIOUS RATING N/A

DAVY VIEW

Tyman’s Capital Markets Event outlined the next phase of the group’s strategy with updated margin, capital allocation and sustainability targets and the route to achieving them. The group’s targets are impressive, aiming to grow market share via continuous improvement, new products, expanded distribution channels and best-in-class customer service. This will be delivered side-by-side with a sustainability roadmap and without stressing the balance sheet. The stock has done well, but for good reason, and achieving these goals points to further upside. We believe the group’s capacity to return cash to shareholders is significant and reiterate our ‘Outperform’ stock view.

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May 24 2021, 06:30 IST/BST

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