K+S: time to buy, says SG.
(CercleFinance.com) - Société Générale (SG) has upgraded its hold rating on the K+S (Kali und Salz) stock - a German specialist of salts and fertilizers - to buy.
Alongside this upgrade it has raised its 12 month target price for the share from 23 euros to 28 euros.
Indeed, the group's 2016 earnings suffered from many headwinds, including environmental problems in Germany and the start-up costs of a potash mine in Canada. In addition, there was a difficult price environment for this raw material.
However, since then, K+S has taken the bull by the horns and its accounts should now pick up significantly: after 0.68 euro in 2016, SG expects 2017 adjusted EPS to reach 0.85 euro, before 1.66 euro in 2018.
Copyright (c) 2017 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.
Alongside this upgrade it has raised its 12 month target price for the share from 23 euros to 28 euros.
Indeed, the group's 2016 earnings suffered from many headwinds, including environmental problems in Germany and the start-up costs of a potash mine in Canada. In addition, there was a difficult price environment for this raw material.
However, since then, K+S has taken the bull by the horns and its accounts should now pick up significantly: after 0.68 euro in 2016, SG expects 2017 adjusted EPS to reach 0.85 euro, before 1.66 euro in 2018.
Copyright (c) 2017 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.