Oct 3 2025
Recent Research
Glanbia, Participates in equity placing
Oct 1 2025
AG Barr, H1-26 results – outlook maintained
Sep 30 2025
CRH
Investor Day establishes CRH as must-own stock
As the market leader in all its regions and sectors, CRH has demonstrated that it is the most consistent compounder of capital, delivering industry-leading growth in profit, cash and...
Glenveagh Properties
Perfectly placed; increasing price target to 221c
In this report we highlight that Glenveagh Properties is one of very few builders in Ireland carving out a dominant market position and capable of delivering a significant number of new...
Entain
‘ENT ering’ a more stable phase?; moving to ‘Outperform’
Market share data and recent upwards revisions to forecasts for Entain and BetMGM indicate that the group has stabilised in a number of its key markets after a long period of...
Cairn Homes
Updating forecasts post interim results; increasing PT to 229c
Operating profits are moving higher at a low- to mid-single-digit percentage rate across the forecast horizon in our new Cairn Homes model. Our price target (PT) has moved up by just...
Associated British Foods
Model update – moving to ‘Neutral’
We see challenging trading conditions persisting for Associated British Foods (ABF) through 2026. Primark’s like-for-like (LFL) growth is likely to remain subdued, with increasing...
Ingredients
Updating dsm-firmenich model as vitamin prices decline; previewing Givaudan Q3
We have updated our dsm-firmenich (DSFIR) model to reflect the recent decline in vitamin markets, which in part drives a 2-2.5% cut to EBITDA forecasts for FY25 and FY26. We lower our...
Givaudan
2030 strategy unveiled – moving to ‘Outperform’
Givaudan’s 2030 strategy is a continuum of its 2025 roadmap, with a step-up in its revenue ambitions allied with a broadening of its addressable market. The elevation of the Pet...
Kenmare
Updating forecasts and revisiting our NPV
We update our forecasts following previous compliance restrictions. We lower our price forecasts to reflect the impact of modest new industry supply, reduce our shipment forecasts and...
Irish economy
Consumer spending and new homes driving growth this year
Macroeconomic data released this week are consistent with our long-standing view that the Irish economy is growing strongly this year. The most reliable gauge of consumer spending...
Irish Continental Grp
‘Wind in her sails’ – set to reap benefits of investment; raising price target
Irish Continental Group (ICG) has achieved its key ambition of ownership of all vessels in service under the Irish Ferries brand, eliminating the necessity for chartering in passenger...
