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Zambeef (ZAM): Firing on all cylinders
- Share price (p) 12.3
- Target price (p) 20.0
- Market cap (£m) 36.8
- Enterprise value (£m) 122.2
Zambeef has announced FY 2018 results for the year ending September 2018. This is an upbeat statement highlighting that the momentum that was evident in the Retail and Cold Chain Food Products businesses at the interim stage continued to the end of the year. The Group has modestly beaten our expectations and we upgrade c5% underlying for FY 2019 but this is more than wiped out by an expected 13% FX headwind. We retain our 20p price target.
Raymond Greaves | email@example.com