S&U is still in favour with house broker Peel Hunt, which sees 20% upside to its current 3,150p target price.
Commenting after a brief trading update from S&U ahead of its AGM, the broker said that factors that suppressed growth recently should ease as the year progresses.
Limited funding access has been resolved following the signing of a new £70m credit facility, increasing the headroom to £100mln.
Preparation for the new FCA Consumer Duty requirements in Advantage (motor finance) should also complete when the new rules are implemented in July, with S&U confident it is better prepared than its peers.
In Aspen, bridging finance, a decent business pipeline should convert into a resumption of growth in the second half of the year.
“At less than 10 times current year PE (earnings multiple) and with a dividend yield of 5%, we view the shares as attractively priced”, added the broker.
Shares were down 1.6% at 2,500p.