James Fisher - broker lifts Target Price to 790p, shares now 542p

Mark Watson-Mitchell - 19.03.2026

After the recently announced results from the marine services group James Fisher & Sons (LON:FSJ),

James Fisher - submarine rescue

analyst Thomas Rands at Berenberg, has substantially raised his Target Price for the group's shares to 790p.

The £271m-capitalised group's shares are currently trading at 542p.

The Business

This global company provides services such as engineering, inspection, installation, commissioning, operations, maintenance, lifting and handling to the oil and gas, marine, renewable energy, shipping, defence, nuclear, ports and terminals, transportation, and infrastructure industries.

Broker's View

Analyst Thomas Rands, at Berenberg, has reiterated his Buy recommendation while significantly increasing his Target Price from 615p to 790p.

He noted that self-help measures are pushing profitability at the marine engineering services group, which last week confirmed earnings 4% ahead of his expectations at £28.6m.

"The self-help measures taken over the past three years are now starting to drive revenue and profit growth.

We expect further self-help benefits in full-year 2026, especially supply chain improvements, and this is giving management increased confidence in achieving its medium-term targets."

The strategic progress made by James Fisher allowed Rands to reduce his peer group discount from 25% to 15%.

My View

This group's shares are totally undervalued at 542p.

(Profile 11.02.25 @ 345p set a Target Price of 410p*)

(Profile 24.02.26 @ 498p set a Target Price of 580p)