Senior Plc (SNR: LN) Price Target Revised by Deutsche Bank, Buy Rating Maintained Amid Aerospace Sector Challenges
Deutsche Bank has adjusted its price target for Senior Plc (SNR: LN) to GBP2.20 from GBP2.50, while still maintaining a Buy rating for the stock. The aerospace sector's ongoing difficulties have impacted Senior's Aerospace division, leading to a weaker performance forecast for the second half of the year.
The company's full-year 2024 earnings before interest, taxes, and amortization (EBITA) are now expected to be GBP44.0 million, down 23% from the earlier estimate. Similarly, the earnings per share (EPS) projection has been reduced by 29% to 6.0p.
These revisions are solely due to lowered expectations in the Aerospace sector, as the commercial aerospace manufacturing industry faces significant challenges. Despite these adjustments, Deutsche Bank's Buy rating signals confidence in the long-term value of Senior Plc's shares.
Senior Plc's management and stakeholders will closely monitor the aerospace sector's developments as they navigate through current industry headwinds. This analysis provides insight into the financial implications of Deutsche Bank's revised price target and earnings estimates for Senior Plc, highlighting the impact of aerospace sector challenges on the company's projected performance and long-term outlook.