Today (09/07) your participation shows significant gains PPC at the Athens Stock Exchangewhich is trying to return to the highest levels of the last 1.5 months.
More specifically, shortly before 3:00 p.m., the listed company’s title is dynamically reinforced by 2.28%making it rise up to 11.66 eurosfor first time since May 22nd.
The turnover amounts to just over 2.2 million euros, with around 200,000 pieces having been sold to date.
Today’s rise comes to continue the stock’s steady recovery, which started from 10.6 euros (minimum 7 months) in mid-June.
From that point onwards PPC return is estimated at +10%which improved the variation over the last 30 days to almost +5%.
Of course this does not negate bias. underperformance of stocks, which increases less than 5% in 2024, being almost 8% from this year’s peaks of 12.6 euros.
Attractive evaluation
Today, the company’s market value is estimated at 4.45 billion euroswhich reflects a very attractive valuation, based on fundamentals.
And that’s because the index P/E earnings multiplier is below 10x (9.7x), while the index book value is below 1x (0.94x).
The management’s goal for this year is to achieve this operating profitability (EBITDA) of 1.8 billion euros against 1.5 billion euros in the 12 months of 2023.
O analysts’ average target priceaccording to investment data, it is placed in 16.9 euroswhich translates into a margin of increase of around 45%.
It should be noted that on July 22nd the cut the right to this year’s dividendwhich is the first since 2015, with the listed company distributing the bonus of 0.25 euros/share.
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)