FINANCIAL analysts are tipping shares in Blackburn-based cake maker Inter Link Foods to reach an all-time high of £8 over the coming year.
Analysts at Brewin Dolphin Securities (BDS) kept their buy recommendation for shares in Inter Link after the company again posted record turnover, profit and earnings per share in its interim results yesterday.
A forecast note from BDS said: "The company's interim results demonstrate that good progress was made in half one and that the significant increase in profits estimated for the current year looks achievable.
"Placing the shares on a small premium to the sector on current year's earnings gives us a 12-month target price of 800p."
Shadsworth-based Inter Link, now the largest privately-owned cake company in the UK, increased pre-tax profit by 26.2 per cent to £2.62million for the six months to November 5 and shares were valued at £6.82 yesterday. Earnings per share is up from 21p to 24p.
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