Marshalls

Self-help initiatives and selective growth

  • Sectors : Building products
  • Companies : Marshalls

Ratings and price correct at time of issue.

  • Marshalls

    Closing Price: 325p

  • RATING 10/11/21

  • PREVIOUS RATING N/A

DAVY VIEW

The enlarged Marshalls business has identified a number of self-help levers that should improve the performance of the business even if weakness persists in RMI end-markets. These include operational improvements at Marley, further growth in solar PV and selective product development in the core Marshalls business – areas where the company has demonstrated capability. While macro clouds will be hard to ignore, multiples are attractively low.

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Sep 23 2022, 06:55 IST/BST

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