DGAP-News
356
0 Kommentare
KTG Agrar SE: DZ Bank AG raises price target for KTG Agrar share to EUR 22
356 
0 KommentareDGAP-News: KTG Agrar SE / Key word(s): Research Update
KTG Agrar SE: DZ Bank AG raises price target for KTG Agrar share to
EUR 22
20.07.2015 / 09:14
---------------------------------------------------------------------
KTG Agrar SE: DZ Bank AG raises price target for KTG Agrar share to EUR 22
- "Buy" recommendation confirmed
- Price target raised from EUR 20 to EUR 22 per share
- Non-cyclical business model with growth opportunities in China
Hamburg, 20 July 2015. Following the publication of the 2014 annual report,
the completion of the capital increase and the planned strategic
partnership, DZ Bank AG has confirmed the "buy" recommendation for the KTG
Agrar SE share (ISIN: DE000A0DN1J4). The price target has been raised from
EUR 20 to EUR 22 per share. This means that the analysts see approximately
41% upside potential in the share price (XETRA closing price on 17 July
2015: EUR 15.55).
Noting the solid business performance in 2014 with earnings before interest
and taxes (EBIT) at EUR 37.1 million and net income at EUR 6.4 million, the
analysts anticipate continued growth in the upcoming years, driven in
particular by the food segment and the group's high-margin energy
production business. The analysts expect EBIT to increase to EUR 42.7
million and net income to rise to EUR 15.4 million (EUR 2.21 per share) in
2016. Moving forward to 2017, EBIT and net income are expected to climb to
EUR 46.4 million and EUR 18.5 million, respectively. The significant growth
potential existing in China for quality foods produced by KTG are not
included in these estimates.
DZ Bank take a bullish view of the short-term future as well, explaining
that the recent pick-up in the prices of agricultural commodities -
especially in grains - and the acquisition in the biogas area should
support a good first-half result and a positive outlook for the full year.
About KTG Agrar SE
With cultivable land of over 45,000 hectares, KTG Agrar SE (ISIN:
DE000A0DN1J4) is one of the leading producers of agricultural commodities
in Europe. As an integrated supplier, the company produces agricultural
commodities, renewable energy and food. The Hamburg-based company's core
area of expertise is the organic and traditional cultivation of market
products such as cereals, potatoes, soy and rapeseed. KTG Agrar is the
European market leader in organic market products. The company mainly
produces in Germany but since 2005 also in the EU member state of
Lithuania. Through the takeover of the companies Frenzel Tiefkühlkost and
Bio-Zentrale Naturprodukte, KTG Agrar SE has been expanding the value chain
since 2011 and added food production to its business portfolio. In 2014,
KTG Agrar SE achieved a total output of EUR 297.7 million and an EBIT of
EUR 37.1 million. The company has been listed on the Frankfurt Stock
Exchange since November 2007 and employed more than 1,000 staff at year end
2014. Further information can be found on the company's website at
www.ktg.ag.
Contact:
Investor Relations / Press
Fabian Lorenz
MC Services AG
Tel: +49 211 529252 28
Email: fabian.lorenz@mc-services.eu
---------------------------------------------------------------------
20.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: KTG Agrar SE
Ferdinandstr. 12
20095 Hamburg
Germany
Phone: +49 (0)40-303 76-47
Fax: +49 (0)40-303 76-799
E-mail: presse@ktg-agrar.de
Internet: www.ktg-agrar.de
ISIN: DE000A0DN1J4, DE000A1H3VN9, DE000A1ELQU9, DE000A11QGQ1,
WKN: A0DN1J , A1H3VN, A1ELQU, A11QGQ
Indices: HASPAX
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich (m:access), Stuttgart; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
379159 20.07.2015
KTG Agrar SE: DZ Bank AG raises price target for KTG Agrar share to EUR 22
- "Buy" recommendation confirmed
- Price target raised from EUR 20 to EUR 22 per share
- Non-cyclical business model with growth opportunities in China
Hamburg, 20 July 2015. Following the publication of the 2014 annual report,
the completion of the capital increase and the planned strategic
partnership, DZ Bank AG has confirmed the "buy" recommendation for the KTG
Agrar SE share (ISIN: DE000A0DN1J4). The price target has been raised from
EUR 20 to EUR 22 per share. This means that the analysts see approximately
41% upside potential in the share price (XETRA closing price on 17 July
2015: EUR 15.55).
Noting the solid business performance in 2014 with earnings before interest
and taxes (EBIT) at EUR 37.1 million and net income at EUR 6.4 million, the
analysts anticipate continued growth in the upcoming years, driven in
particular by the food segment and the group's high-margin energy
production business. The analysts expect EBIT to increase to EUR 42.7
million and net income to rise to EUR 15.4 million (EUR 2.21 per share) in
2016. Moving forward to 2017, EBIT and net income are expected to climb to
EUR 46.4 million and EUR 18.5 million, respectively. The significant growth
potential existing in China for quality foods produced by KTG are not
included in these estimates.
DZ Bank take a bullish view of the short-term future as well, explaining
that the recent pick-up in the prices of agricultural commodities -
especially in grains - and the acquisition in the biogas area should
support a good first-half result and a positive outlook for the full year.
About KTG Agrar SE
With cultivable land of over 45,000 hectares, KTG Agrar SE (ISIN:
DE000A0DN1J4) is one of the leading producers of agricultural commodities
in Europe. As an integrated supplier, the company produces agricultural
commodities, renewable energy and food. The Hamburg-based company's core
area of expertise is the organic and traditional cultivation of market
products such as cereals, potatoes, soy and rapeseed. KTG Agrar is the
European market leader in organic market products. The company mainly
produces in Germany but since 2005 also in the EU member state of
Lithuania. Through the takeover of the companies Frenzel Tiefkühlkost and
Bio-Zentrale Naturprodukte, KTG Agrar SE has been expanding the value chain
since 2011 and added food production to its business portfolio. In 2014,
KTG Agrar SE achieved a total output of EUR 297.7 million and an EBIT of
EUR 37.1 million. The company has been listed on the Frankfurt Stock
Exchange since November 2007 and employed more than 1,000 staff at year end
2014. Further information can be found on the company's website at
www.ktg.ag.
Contact:
Investor Relations / Press
Fabian Lorenz
MC Services AG
Tel: +49 211 529252 28
Email: fabian.lorenz@mc-services.eu
---------------------------------------------------------------------
20.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: KTG Agrar SE
Ferdinandstr. 12
20095 Hamburg
Germany
Phone: +49 (0)40-303 76-47
Fax: +49 (0)40-303 76-799
E-mail: presse@ktg-agrar.de
Internet: www.ktg-agrar.de
ISIN: DE000A0DN1J4, DE000A1H3VN9, DE000A1ELQU9, DE000A11QGQ1,
WKN: A0DN1J , A1H3VN, A1ELQU, A11QGQ
Indices: HASPAX
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich (m:access), Stuttgart; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
379159 20.07.2015
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
Verfasst von EQS Group AG
URL kopieren
Per E-Mail teilen
Artikel drucken1 im Artikel enthaltener WertIm Artikel enthaltene Werte
Auch bei Lesern beliebt
