Latest news with #Singlehurst
Business Insider
24-05-2025
- Business
- Business Insider
Compagnie Financiere Richemont (CFRUY) Gets a Hold from Goldman Sachs
In a report released on May 22, Louise Singlehurst from Goldman Sachs initiated coverage with a Hold rating on Compagnie Financiere Richemont (CFRUY – Research Report) and a price target of $19.20. The company's shares closed yesterday at $19.07. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Singlehurst is a 3-star analyst with an average return of 0.8% and a 51.47% success rate. Singlehurst covers the Consumer Cyclical sector, focusing on stocks such as Ermenegildo Zegna, Prada SpA, and Compagnie Financiere Richemont. Currently, the analyst consensus on Compagnie Financiere Richemont is a Hold with an average price target of $19.20.
Business Insider
24-05-2025
- Business
- Business Insider
Dr. Martens Plc (DOCS) Receives a Hold from Goldman Sachs
Goldman Sachs analyst Louise Singlehurst maintained a Hold rating on Dr. Martens Plc (DOCS – Research Report) on May 21 and set a price target of p66.00. The company's shares closed today at p54.70. Confident Investing Starts Here: Singlehurst covers the Consumer Cyclical sector, focusing on stocks such as Ermenegildo Zegna, Prada SpA, and Birkenstock Holding plc. According to TipRanks, Singlehurst has an average return of 0.8% and a 51.47% success rate on recommended stocks. Dr. Martens Plc has an analyst consensus of Moderate Buy, with a price target consensus of p81.00, which is a 48.08% upside from current levels. In a report released on May 19, RBC Capital also maintained a Hold rating on the stock with a p60.00 price target. DOCS market cap is currently £535.4M and has a P/E ratio of 18.69. Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DOCS in relation to earlier this year.
Yahoo
22-03-2025
- Business
- Yahoo
It's 'really hard' to be a public company right now, a senior fund manager says
It's "really hard" to be a public company right now, a senior Baillie Gifford fund manager said. They face reporting requirements and shareholders with different interests, Peter Singlehurst said. "You can build a better business by staying private for longer," he told the 20VC podcast. Companies should stay private for longer because they can "build a better business," a senior fund manager has said. "It's really hard to be a public company. It's really hard," said Peter Singlehurst, head of private companies at British investment management firm Baillie Gifford. Singlehurst made the comments in an interview with 20VC podcast host Harry Stebbings. "I think what people realize today is that you can build a better business by staying private for longer," Singlehurst said. He described the reporting requirements as a burden for publicly listed companies. "You can have people owning your shares for all sorts of reasons that are misaligned with what you're trying to do as a company," Singlehurst said, adding that everything the company does has to be done "in the cold light of day." "All your competitors get to know pretty much everything about your business because you have to tell your shareholders pretty much everything about your business," he said. Baillie Gifford's investment in private companies includes stakes in ByteDance, Epic Games, FlixBus, Stripe, and SpaceX, per its website. On the podcast, Singlehurst recalled Tim Sweeney, CEO of Epic Games, once telling him that it was much easier to be private. But Sweeney also said going public can be the better option, depending on what your business needs to do, Singlehurst said. He added that reasons for going public can include the need for liquidity, the desire to acquire other companies, or engaging with regulators. But he said there had been an "evolution" of "very large, company-facilitated secondary rounds," which could become a source of liquidity for investors in private companies. Singlehurst didn't cite specific examples, but Tesla's stock has slid in recent weeks amid declining sales and a backlash to CEO Elon Musk's political interventions. The fall has proven a boon to short sellers betting the stock will lose value. Read the original article on Business Insider
