iPoint (iPoint.cz)
Czech markets  |  August 01, 2012 09:57:03

Societe Generale: Erste year will bring you to ten percent (+ list of recommendations)

iPoint.czExactly a year ago, ie 1 August 2011 year of our Lord went analysts Société Générale, Erste report to the address that the box contains a target amount of 31 euros, calculated according to the present rate of the euro would be the price the Austrian bank was due to move anything below the amount of eight hundred crowns. Target price analysts, while the French did not belong to the highest by far: According to Nomura Erste should be about 10 euros more expensive, according to Citi would become 35 Eur, Goldman Sachs in a report of 9 September 2011 foretold the annual target even at 45 euros. The current price was close to analysts less familiar Silkroutefinancial, who in September 2011 reduce the target to 23.5 euros at the end of September, UBS reduced target to 20 euros. We can only say that analysts on average were in determining the annual target price of Erste just plain out of which only reiterates the question of the relevance of the annual target: 12 months on the stock market is simplyeternity. However, the case: Societe Generale today at Erste issued a fresh report, which contains far less, but still an attractive target for the bulls and recommendations.

Erste with a lower, however superbýčím to, read on iPOINT

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