Analyst consensus
As at 4 July 2025
| H1 2025 | FY 2025 | FY 2026 | |||||||
| Low | High | Average (Mean) | Low | High | Average (Mean) | Low | High | Average (Mean) | |
| Revenue (£m) | 793.5 | 803.7 | 800.4 | 1,591.8 | 1,611.2 | 1,598.5 | 1,681.3 | 1,707.7 | 1,689.0 |
| EBITDA (£m) | 126.7 | 135.4 | 132.8 | 271.9 | 280.8 | 276.1 | 302.6 | 323.8 | 311.7 |
| EBIT (£m) | 68.2 | 78.9 | 74.6 | 155.2 | 166.1 | 159.7 | 181.1 | 206.6 | 188.9 |
| PBT (£m) | 15.5 | 27.8 | 23.0 | 49.6 | 64.8 | 55.6 | 74.6 | 105.3 | 85.3 |
| Net income (£m) | 11.2 | 20.3 | 16.3 | 34.3 | 48.6 | 39.6 | 52.2 | 78.9 | 61.6 |
| Adjusted basic EPS (p) | 2.6 | 4.9 | 4.0 | 8.5 | 11.9 | 9.7 | 12.9 | 19.4 | 15.1 |
| Adjusted diluted EPS (p) | 2.5 | 4.8 | 3.8 | 8.5 | 11.7 | 9.8 | 13.9 | 19.2 | 15.7 |
| Net bank debt (£m) | (324.9) | (319.8) | (322.4) | (326.4) | (277.6) | (303.9) | (289.6) | (221.6) | (254.6) |
| Net debt (including lease liabilities) (£m) | (1,237.7) | (1,232.6) | (1,235.2) | (1,253.3) | (1,190.4) | (1,213.1) | (1,230.3) | (1,121.5) | (1,160.3) |
Analyst recommendations
| Institution |
Analyst |
Recommendation |
Target price |
| Barclays |
Hassan Al-Wakeel |
Overweight |
270 |
| Berenberg |
Victoria Lambert |
Buy |
280 |
| Deutsche Numis |
Kane Slutzkin |
Buy |
300 |
| Jefferies |
James Vane-Tempest |
Buy |
260 |
| JP Morgan |
David Adlington |
Overweight |
309 |
| Panmure Liberum |
Seb Jantet |
Buy |
285 |
| Peel Hunt |
Dr Miles Dixon |
Buy |
293 |
| RBC |
Natalia Webster |
Outperform |
300 |
