IAWS set to deliver 17-18% earnings per share growth, says analyst

FOOD and agri group IAWS is considerably undervalued by the market and is set to deliver 17-18% earnings per share growth this year, according to an analyst.

Merrion Stockbrokers’ Niamh Brodie said IAWS was trading on 12-times forward earnings despite its strong growth rate and attractive reinvestment opportunities Ms Brodie rates the shares a buy and has a price target of €7.40 on the company.

IAWS’ north American interests are set to drive the growth story in the shares.