Yara’s Q2/20 results and energy cost guiding were in line with expectations. The Qafco transaction is expected to close within 2-3 weeks, and upon completion of this transaction, Yara will initiate a 5% share buy-back. The company will also consider additional cash return during H2/20. We find this supportive and stick to our Buy rating as well as our NOK 400 target price.
19 Jul 2020
Cash return set to provide share price support
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Cash return set to provide share price support
Yara’s Q2/20 results and energy cost guiding were in line with expectations. The Qafco transaction is expected to close within 2-3 weeks, and upon completion of this transaction, Yara will initiate a 5% share buy-back. The company will also consider additional cash return during H2/20. We find this supportive and stick to our Buy rating as well as our NOK 400 target price.