Analysts say Avon Rubber to grow further

ERJ staff report (DS)

London - Stock analysts Edison Investment Research Limited has published a report on Avon Rubber PLC under the title, Providing visibility. The report is based on Avon's interim statement and says that Avon's recent announcements about orders from the US military show that it has a secure manufacturing future, and that is worth something in these uncertain times.

The analysts say, "We believe that the newsflow over the past few months has provided sufficient comfort that our forecasts will be met and that Avon is managing its way through the current macro economic turbulence. "

The analysts forecast a share price of around 330, compared with the current level of just under 300.

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Analyst report from Edison Investment Research