IAWS now ‘attractive’

LIFESTYLE food group IAWS has been undervalued against its peers for some time and deserves a better rating.

A review of the group by Merrion Stockbrokers concludes the group is capable of delivering high single-digit growth over the next three to five years and possibly low double digit earnings at a push.

IAWS has been downgraded by the markets and was trading at a 15% discount to its European counterparts. Even Merrion removed the stock from its 10 Stock Model for the first time.