Experian: Liberum initiates coverage as a buyer

(CercleFinance.com) - Liberum has initiated coverage of Experian shares with a "buy" rating and a target price of 3,700p, seeing the Irish information services group as "a high-quality business with significant organic growth potential".


The broker expects EPS growth to average 15% per annum through 2025, including 12% between 2023 and 2025, which will be supplemented by strong cash flow and self-financed M&A or share buybacks.

"Having underperformed the market in recent months, due to increasing rate expectations and rotation, we believe that now is a good entry point," Liberum adds.

The share is currently down about 1% - in line with the market in London.


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