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voestalpine share firmer: Deutsche Bank slightly lowers price target

The analysts at Deutsche Bank have revised their price target for the shares of the domestic voestalpine slightly down from 40 to 39 euros.

The investment recommendation was left unchanged by the responsible securities specialist Bastian Synagowitz with “Hold”.

In the past quarter, the subdued demand from the automotive sector weighed on sales and cash flow, according to experts. The voest share is not valued expensively, but the analysts see a more favorable valuation elsewhere and in this sense confirmed the “hold” recommendation. The adjustment of the target price was justified with slightly lower expectations for EBITDA in the years 2022 to 2024.

The forecasts for earnings per share for the years 2021 to 2023 are EUR 5.17, EUR 4.83 and EUR 4.18. Deutsche Bank expects an annual dividend payment of EUR 0.70 per share for this period.

On Thursday, voestalpine shares were listed on the Vienna Stock Exchange with an increase of 2.76 percent at EUR 32.76.

Analyzing Institute Deutsche Bank

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Directive 2014/57 / EU and corresponding EU regulations for the aforementioned analyst house can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html. (The published web links are taken over unchanged from the dpa-AFX website.)

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Reference-www.finanzen.at

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