Goodbody up share prices of Sherry Fitzgerald

PRE-TAX profits at real estate company Sherry Fitzgerald leaped by 63% in the first six months of the year prompting Goodbody Stockbrokers to up their target shares price for the company by 40%.

Goodbody analyst Peter Horgan rates the share a buy with a €1.40 price target, the shares opened at €1 yesterday and closed at the same price. Goodbody are brokers to the auctioneering house.

“Sherry Fitzgerald reported a strong set of interim results to the end of June 2002. Adjusted EPS was 19.7c, 25% ahead of our forecast and up 67% on the same period last year.