Wednesday May 7, 03:19 PM
Axon initiated with "buy"
By Kaupthing
LONDON, May 6 (newratings.com) - Analysts at Kaupthing Singer & Friedlander Capital Markets initiate coverage of Axon Group Plc (ticker: AXO-GBX) with a "buy" rating. The target price is set to 615p.
In a research note published this morning,
the analysts mention that the company has a robust track record of organic growth. Axon (Berlin: AYW.BE - news) now has 16% market share in the UK and is facing substantial growth opportunities in the US and other international markets, the analysts say. The company is focusing on transformation programmes, which are likely to prove to be more recession proof than other projects, Kaupthing Singer & Friedlander Capital Markets adds.
© 2008 New Ratings
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