Some investors may ask why there was little stock market reaction when the numbers were so good. The reason is pretty clear: the 10%+ increase in net debt compared to end of December 2018. Following this earnings release, we expect to increase our target price by some 5% and to maintain our Buy recommendation.
05 Aug 2019
H1 19: strong EBITDA performance but higher net debt
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H1 19: strong EBITDA performance but higher net debt
Sacyr SA (VHM:STU) | 0 0 2.6% | Mkt Cap: 1,382m
- Published:
05 Aug 2019 -
Author:
Felix Brunotte -
Pages:
3
Some investors may ask why there was little stock market reaction when the numbers were so good. The reason is pretty clear: the 10%+ increase in net debt compared to end of December 2018. Following this earnings release, we expect to increase our target price by some 5% and to maintain our Buy recommendation.