Report praises ‘underrated’ Glanbia, with earning prospects set to soar

EARNINGS prospects for the global dairy and nutritional group Glanbia have been given a strong endorsement in a new report, with the share price expected to rise by 20%.

Produced by Merrion Stockbrokers, the report claims the Kilkenny-based group is underrated concerning future earnings, while its steady growth in its nutritionals business will prove a key driver of earnings over the next few years.

Analyst Aoife Wyer said Glanbia has transformed its business from a traditional dairy group to an international nutritional solutions and cheese group over the last decade, with shares potentially growing in value by 20% in the period ahead.