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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Financial Services

Broker reiterates 'buy' rating on S&U

Broker Peel Hunt reiterated its 'buy' recommendation after S & U PLC (LSE:SUS) posted final results on Tuesday.

The motor finance lender and property bridging lender hiked its dividend 5.6% as revenue came in at £102.7mln and profit before tax at £41.4mln.

As the fourth quarter was strong "momentum is positive" entering into the new financial year, the Peel Hunt analysts said.

"In our view, at 8x forward PE and a circa 6% yield the valuation is attractive," they added.

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