AFC Energy's share progress not reflected by the current share price, says broker
Portfolio Pulse from
Panmure Liberum has reiterated its 'buy' recommendation for AFC Energy PLC, maintaining a target price of 55p. The broker adjusted cash flow assumptions due to product shipments near the fiscal year-end but left revenue forecasts unchanged.
November 20, 2024 | 2:45 pm
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Panmure Liberum maintains a 'buy' recommendation for AFC Energy PLC with a target price of 55p. Adjustments were made to cash flow assumptions due to product shipments near the fiscal year-end, but revenue forecasts remain unchanged.
The reiteration of a 'buy' recommendation and a maintained target price of 55p by Panmure Liberum is a positive signal for AFC Energy PLC. The adjustment in cash flow assumptions due to timing of product shipments suggests operational considerations but does not affect revenue forecasts, indicating stability in expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100