(News Bulletin 247) – Invest Securities reaffirms its ‘buy’ recommendation on Carmila with a price target raised from 17.1 to 18 euros, highlighting ‘fundamentals confirming the good performance of the dividend in the medium term’, after the results annuals of the land.
‘The very satisfactory operational data is in line with the good organic growth (+4.2%) which led to an increase in net income per share of +26% (including Covid impact) to 1.56 euro per share’, recalls the analyst.
‘The real estate company displays a risk-return ratio that is still very attractive, reinforced by a governance that is concerned with regard to its minority shareholders. In addition to highly accretive share buybacks, the company offers a secure return of at least 7% over five years,’ he continues.
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