Broker reaffirms buy status for Inspired PLC
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Inspired PLC (AIM:INSE) is a buy with broker Peel Hunt after the company confirmed its strong start to the year.
The analysts also reiterated their target price of 25p.
Underlying earnings (EBITDA) were reduced by 5% to reflect ongoing macroeconomic and geopolitical uncertainty but longer-term market fundamentals support additional growth investment, which the broker believes Inspired can use to “take advantage of meaningful new opportunities.”
Earlier, the climate change consultancy firm reported a 30% rise in 2021 profits and said first-quarter trading was also in line with expectations.
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