Our FY 20 EPS is too high and we will have to cut it. However, our valuation still accounts for the contribution of a capital increase in FY 21 and our target price should stay broadly stable. We maintain our Sell rating.
21 Jul 2020
Seeking for fresh cash
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Seeking for fresh cash
Wereldhave N.V. (WER:FRA) | 0 0 1.5% | Mkt Cap: 1,226m
- Published:
21 Jul 2020 -
Author:
Christian Auzanneau -
Pages:
4
Our FY 20 EPS is too high and we will have to cut it. However, our valuation still accounts for the contribution of a capital increase in FY 21 and our target price should stay broadly stable. We maintain our Sell rating.