Barco: Berenberg raises target price
(CercleFinance.com) - Berenberg has raised its target price for Barco shares to 230 euros, meaning upside potential of 24%, and raised its earnings estimates for the Belgian digital screen maker after hosting a series of investor meetings for the company last week.
The broker, which keeps a "buy" rating on the stock, said it is "clear" that confidence in the growth prospects across the group is increasing.
All of Barco's six segments are exhibiting differing degrees of positive growth for the first time in several years, the German broker noted.
Barco shares are currently up 1.5% at 188 euros on Euronext Brussels.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker, which keeps a "buy" rating on the stock, said it is "clear" that confidence in the growth prospects across the group is increasing.
All of Barco's six segments are exhibiting differing degrees of positive growth for the first time in several years, the German broker noted.
Barco shares are currently up 1.5% at 188 euros on Euronext Brussels.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.