Focusrite (TUNE)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

162.50p
   
  • Change Today:
      2.50p
  • 52 Week High: 305.00
  • 52 Week Low: 132.00
  • Currency: UK Pounds
  • Shares Issued: 59.21m
  • Volume: 74,250
  • Market Cap: £96.22m

Berenberg initiates coverage on Focusrite at 'buy'

By Iain Gilbert

Date: Thursday 12 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg initiated coverage on audio-products company Focusrite with a 'buy' rating and 1,100.0p target price on Thursday, citing a number of near-term tailwinds and M&A optionality.
Berenberg said Focusrite had differentiated itself in recent years to address the content-creation and sound-reproduction markets, servicing both amateurs and professionals, which differentiated it from competitors who tend to specialise in niches.

"This has allowed the business to grow at almost twice the pace of the overall market. With a total addressable market of circa £5.0bn, we believe there is plenty of headroom for Focusrite to continue taking market share, even in a more challenging macroeconomic environment," said Berenberg.

The German bank pointed out that near-term headwinds that affected the group in 2022, including supply chain pressures, spiralling freight costs, and component shortages, resulted in a 240 basis point reduction in gross margin. However, in 2023, Berenberg expects these headwinds to reverse, to the benefit of both the top line and gross margin.

Berenberg also highlighted that with a £40.0m revolving credit facility, the business was well placed to undertake further M&A, with acquisitions likely to remain "a key driver of growth".

"At present, the shares trade close to one-third of their peak valuation, despite significant tailwinds this fiscal year. We believe that, as the company demonstrates its earnings power and resilience, this multiple will move upwards," said Berenberg.









Reporting by Iain Gilbert at Sharecast.com

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Focusrite Market Data

Currency UK Pounds
Share Price 162.50p
Change Today 2.50p
% Change 1.56 %
52 Week High 305.00
52 Week Low 132.00
Volume 74,250
Shares Issued 59.21m
Market Cap £96.22m

Focusrite Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.08% above the market average94.08% above the market average94.08% above the market average94.08% above the market average94.08% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
81.42% below the market average81.42% below the market average81.42% below the market average81.42% below the market average81.42% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
64.25% above the market average64.25% above the market average64.25% above the market average64.25% above the market average64.25% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
99.21% below the market average99.21% below the market average99.21% below the market average99.21% below the market average99.21% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Focusrite Dividends

  Latest Previous
  Interim Final
Ex-Div 08-May-25 24-Dec-24
Paid 09-Jun-25 07-Feb-25
Amount 2.10p 4.50p

Trades for 29-Aug-2025

Time Volume / Share Price
16:30 35,000 @ 157.86p
15:48 1,262 @ 163.75p
15:36 619 @ 163.72p
15:31 38 @ 163.72p
15:22 870 @ 164.90p

Focusrite Key Personnel

CEO Timothy Paul Carrol

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