Analyst Research Report Snapshot

Title:

Charles Stanley: Staffline Group (Buy)

Price:

$115.00

Provider:

Charles Stanley Securities

Date:

05 Mar 2014

Pages:

12

Type:

AcrobatPDF

Companies referenced:

STAF.L

Available for Immediate Download
Summary:

Share price target increased to 1000p Staffline has targeted an organic PBTA of £30m by December 2017, up from £12.5m it reported at December 2013. We believe this is achievable, given its track record in meeting targets, management incentives that are in place to reach a diluted pre-amortisation EPS of 93.5p in 2017 (equivalent to a PBTA of £30m after the issue of JSOP shares), the new business lines it has created and its increased profile with the Government. Our revised price target is 1000p, up from 600p. We reiterate our Buy recommendation.

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