Vanessa Jeffriess, an analyst from Jefferies, maintained the Buy rating on Rosebank Industries Plc. The associated price target remains the same with £4.35.
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Vanessa Jeffriess’s rating is based on several compelling factors. The company has shown positive momentum in its margins, surpassing initial forecasts for the first half of the year despite challenging tariff conditions. This growth is supported by a significant 28% year-over-year increase in new business wins, particularly in the Electrification & Industrial segments, which are poised for higher growth and margins.
Additionally, Rosebank Industries has successfully completed the acquisition of ECI, which aligns with their strategic goals. ECI’s performance has met management’s expectations, achieving a record adjusted EBIT margin. The company is also undergoing restructuring to enhance efficiency, including the closure of the St Louis head office. These strategic moves, along with a strong management team, provide a solid foundation for future margin expansion, reinforcing the Buy rating.
According to TipRanks, Jeffriess is ranked #2124 out of 9921 analysts.