Portmeirion’s dollar appeal
Dollar strength is a translational tailwind for Portmeirion (PMP:AIM). The homewares maker is regaining investor confidence following an Indian and South Korean sales slump.
Record overall sales were still delivered in 2016 with healthy growth generated in Portmeirion’s biggest market, the US.
Cantor Fitzgerald Europe’s £12 price target implies 21% upside at 995p.
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.