Geberit: Stifel raises target price
(CercleFinance.com) - Stifel reinstates its "buy" rating on the Geberit share, having increased its corresponding target price from 675 Swiss francs to 700 Swiss francs, due to earnings revisions and based on an unchanged valuation approach for the Swiss sanitary equipment maker.
We assume that the positive effects of trends in home renovation and residential end markets will outweigh the negative effects of commercial end markets and rising raw material prices, the broker noted.
Stifel is therefore raising its revenue assumption, with FX factors (from +0.5% previously to +2.2% in 2021) and is fine-turning its organic growth assumptions. The broker has increased its EPS estimates by 2% for 2021 and 2022.
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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.
We assume that the positive effects of trends in home renovation and residential end markets will outweigh the negative effects of commercial end markets and rising raw material prices, the broker noted.
Stifel is therefore raising its revenue assumption, with FX factors (from +0.5% previously to +2.2% in 2021) and is fine-turning its organic growth assumptions. The broker has increased its EPS estimates by 2% for 2021 and 2022.
Copyright (c) 2021 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.