Origin Enterprises makes strong start to year

Analysts are expected to increase net profit forecasts for Origin Enterprises, following the Dublin-based agri-services group reporting a strong start to its current financial yea, writes Geoff Percival.

Origin reported a 3.9% year-on-year rise in revenues, to €346.7m, for the three months to the end of October — the first quarter of its current financial year.

“We expect consensus to raise their 2018 net income forecasts post this solid trading update”, said Merrion analyst Darren McKinley, who has a price target of €7.25 on the Origin stock which was up marginally at around €6.73 yesterday.