GBT – UBS rates the stock as No Rating

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The second half was vastly improved, UBS suggests, with the first annual profit growth since FY15. The improvement was driven by the sharp uplift in UK wealth management performance.

The FY18-20 technology upgrade program is now 47% complete. UBS increases estimates for earnings per share by 9-16% over the medium term. The broker is restricted on providing a rating and target at present.

Sector: Software & Services.

Current Price is $3.84. Target price not assessed.

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