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Aktienkurs: 34.63 +3.7%
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Hoch:
Tief:
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34.8 +4%
33.3 -0.3%
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 Raiffeisen Int.
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Datum/Zeit: 08.02.2010 15:08
Quelle: Erste Bank |
Erste Bank reduziert Kursziel auf 50 Euro
Following the recent share price decline, we have lifted our recommendation for the
Raiffeisen International share to Buy (from Hold). The target price was slightly reduced
to EUR 50 (from EUR 51), due to small adaptations made in our DDM model. In terms of
peer group multiples, RI currently trades at 1x BV10e, which in our view is not justified,
taking RI’s relatively conservative risk policy into account, as well as some signs of
economic improvement in the CEE region with diminishing probability for negative
surprise. However, in case of a return of negative macro and/or banking sentiment a
significant setback of RI’s stock price is also possible.
Hinweis:
Für die Richtigkeit des Inhalts dieser Mitteilung ist allein der Herausgeber (Quelle) verantwortlich.
E-Mail: redaktion@aktie.at
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