Market Report: Taking Stock
Thursday 24 April 1997
Shares of the 600 Group, the machine tool group, are a recovery buy, believes Henry Cooke Lumsden. The stockbroker has a target of 160p against 135p yesterday. Profits this year is expected to be pounds 11.1m, improving to pounds 11.8m and then pounds 13.9m. The shares have fallen from 300p last year. In January the company warned it was experiencing weak markets in the UK.
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