Servoca to beat market expectations on healthcare boost


(MENAFN- ProactiveInvestors)Shares in Servoca (LON:SVCA) jumped as the specialist recruiter forecast next results will be 'significantly ahead of market expectations'. The company confirmed its education recruitment business which is highly dependent on its performance in September had performed strongly during the month. Meanwhile healthcare had performed well in the first half and growth ramped up in the second. Broker finncap said the update showed 'earnings momentum remains strong and should underwrite continued share price outperformance'. The shares remain attractively rated versus the recruitment sector the broker continued despite a year of strong share price outperformance. finnCap raised its earnings per share forecast for the year by almost 15% to 1.7p and set a target price of 33p on the stock. Shares have rocketed some 85% so far this year and were 20% higher today at 32.8p.


ProactiveInvestors - N.America

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