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magazineExperian continues to tick the right boxes
Experian £19.60
Gain to date: 2%
Original entry point: Buy at £18.69, 09 August 2018
We flagged Experian (EXPN) as a Great Idea in August at £18.69 on a combination of earnings growth and an appealing valuation.
Although the shares sold off with other growth stocks last quarter they quickly rebounded and thanks to a recent trading update (13 Nov) they are back above our initial entry point.
Demand for its products and services continues to grow with like-for-like sales increasing 8% in the first half leading the company to raise its guidance for full-year sales and earnings before interest and tax (EBIT).
Sales to clients in North America are particularly strong thanks to demand for its mortgage data. Also its Ascend ‘big data’ product has been adopted by all their big US clients and a version is being rolled out to mid-market clients.
EMEA/Asia-Pacific sales are also strong thanks to new business wins in the consumer-lending market.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
