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Oct 14 2026, 07:00 IST/BST
Mincon Group
Increasing price target to 112c on materially higher growth expectations
- Sectors : Industrial machinery
- Companies : Mincon Group
DAVY VIEW
With Mincon’s recent Q3 results showing exceptionally strong growth on the back of good H1 momentum, we have increased FY26 revenue forecasts by c.13%. Good operating leverage drives a 27% increase in operating profit and a 30% increase in EPS. Despite a strong run in the share price (+85% year-to-date), the stock is still trading at a c.20% discount to peers. We retain our ‘Outperform’ rating and raise our price target to 112c (10% upside).
