Elixirr International - the update is just the tonic
Well it appears that trading has been impressive at this challenger consultancy group.
It enjoyed record revenues in June and July and that strength has continued through to yet another record month in September.
Last Monday’s Trading Update stated that the group now expects its adjusted EBITDA for the full year to end December will be in excess of £8.75m – the market has been going for just £7.8m.
The group’s shares have responded well to that positive news and its shares are now trading at around 254p.
Brokers to the company, finnCap, are obviously happy because they have jacked their price objective up from 312p to 336p.
(Profile 21.09.20 @ 227p set a Target Price of 285p)