Accrol Group Holdings PLC with ticker (LON:ACRL) now has a potential upside of 52.5% according to Liberum Capital.
Liberum Capital set a target price of 80 GBX for the company, which when compared to the Accrol Group Holdings PLC share price of 38 GBX at opening today (08/11/2021) indicates a potential upside of 52.5%. Trading has ranged between 34 (52 week low) and 75 (52 week high) with an average of 603,148 shares exchanging hands daily. The market capitalisation at the time of writing is £121,333,076.
Accrol Group Holdings plc is a United Kingdom-based independent tissue converter and supplier of toilet tissues, kitchen rolls and facial tissues. The Company supplies to a range of discounters and grocery retailers across the United Kingdom (UK). It imports Parent Reels from around the world and converts them into finished goods at its manufacturing, storage and distribution facility in Blackburn, Lancashire. The Company operates from five sites, including four in Lancashire. The Company has 15 converting lines in operation providing capacity of approximately 118,000 tons per annum. Its subsidiaries include Accrol UK Limited, Accrol Holdings Limited and Accrol Papers Limited.
Accrol Group Holdings PLC 52.5% potential upside indicated by Liberum Capital
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- Written by: Anthony Fox
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Accrol Group Holdings plc has reported strong H1 FY24 results, with impressive growth in adjusted EBITDA and adjusted PBT. The company remains on track to meet expectations and has seen gains in market share. Furthermore, the private label segment of the UK tissue market continues to increase, and the sales of biodegradable wet wipes have been exceptionally strong. Accrol's outlook remains positive with expected further volume growth.
Accrol Group Holdings plc has reported strong performance in H1 FY24, with branded volumes rising by 45% and margins returning to pre-pandemic levels. The group is on track to deliver FY24 results in line with expectations and expects to outperform previous expectations for FY25.
