Sureserve Group - improving market position

Research house Edison reckon that the recent Trading Update from the compliance and energy services group show that the transformation work currently underway is beginning to pay off.

They now estimate turnover for the year to end September 2020 of £200.7m and pre-tax profits of £9.3m, against £8.3m previously.

For 2021 Edison are looking for £219.8m revenues and £10m pre-tax, worth 5.1p per share in earnings.

"The gradual re-rating of the shares this year suggests investors are starting to buy in to the turnaround and the improving market position."

Profile 14.01.20 @ 36p set an end 2020 Target Price of 50p*.