The quarterly FTSE 100 reshuffle is not far away. While two of the stocks likely to move into the top tier will come as no surprise (Morrisons and Meggitt are both risers that are subject to takeover bids), the third promoted stock is one some investors may never have heard of. Today, I’ll put that right by talking about Dechra Pharmaceuticals (LSE: DPH) — a global leader in developing, manufacturing, and selling products for veterinarians.
Has Dechra been doing well?
You could say that. Thanks to a combination of manufacturing sites remaining operational during the pandemic and the explosion of pet ownership, this firm has been very busy indeed. As CEO Ian Page said recently, it’s clear “people have been spending more time with their pets and have therefore been more cognitive of their welfare”.
All this has really boosted DPH’s top line. In July, the company … Read more