Added to YB: 2024-09-25
Pitch date: 2024-09-25
AVG.L [bullish]
Avingtrans plc
-2.35%
current return
Author Info
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Company Info
Avingtrans plc engages in the provision of engineered components, systems, and services to the energy, medical, and infrastructure industries worldwide.
Market Cap
GBP 137.2M
Pitch Price
GBP 4.25
Price Target
5.25 (+27%)
Dividend
1.10%
Sector
Machinery
Category
growth
Avingtrans: Innovative Helium-Free MRI and 3D X-Ray Tech Drives Strong FY24 Growth
AVG.L: New helium-free MRI & 3D X-ray devices for community healthcare. FY24 sales +17.3% to £136.6m, EBITDA £14.0m. Medical div investing heavily (£3.7m rev, -£2.8m LBITDA). FDA approval mid-2025. £7bn market. Singer CM ups target to 525p, FY25 forecasts: £161m rev, £15m EBITDA, 14.3p EPS. Strong pipeline, 90% revenue cover.
Read full article (2 min)