Monday June 1, 2020

United Drug shares hit all-time high following earnings report

Shares in United Drug will continue their ascent after hitting a new all-time high, Dublin analysts have predicted.

27th November, 2004

The shares hit €3.48 in trading on Friday, representing a rise of 51 per cent from the start of the year.

The new peak came last week after the company reported full-year earnings, which showed double-digit growth in both turnover and net profits. The earnings were driven by increased sales in both its wholesale and distribution businesses.

“The stock is at a premium to its peer group in Europe,” said Jack Gorman, senior analyst with Davy...

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