Coverage of high-potential mid-market firms in Poland


Kernel edible oils upped to accumulate, target price increased to PLN 64.6

TAG'S: KERNEL, Food and Drinks Industries


Listed edible oils producer Kernel enjoyed a recommendation hike to 'accumulate' from 'hold' and its target price was increased to PLN 64.6 from PLN 55 previously, DM mBank said in a recommendation dated November 15.

"Crop yields higher by 12% y/y should allow, in our view, to maintain high earnings in the agricultural production segment in the 2016/17 season (USD 150 mln EBITDA)," the report reads. Additionally, new production capacities in sunflower pressing will allow [the firm] to stabilize margins on higher volumes, the brokerage noted.


Comments : 0

Add comment

The published comments are private opinions of the users. Biznespolska Media Sp. z o.o. is not responsible for their content. Intelligent and insightful comments most appreciated.

Other News

Photo of the week

Photo of the week

Following an impressive run, PKN Orlen fuel reappoints CEO Wojciech Jasiński to spearhead the company to newer, more challenging waters. Gives him a new three year term!


WSE Indices

WIG20 2468,09 +0,99 % 17:15
WIG 63621,92 +0,91 % 17:15
sWIG80 14030,26 +0,38 % 17:15
NCIndex 285,25 +0,86 % 17:15

WSE Companies

Top 5 Gainers

BRASTER7,70+24,39 %
REINHOLD0,24+14,29 %
AAT HOLDING19,80+10,00 %
MAGNA POLONIA0,31+10,71 %
CUBE.ITG0,39+8,33 %

Top 5 Losers

ALTA2,57-10,14 %
STARHEDGE0,44-8,33 %
INTERFERIE3,37-8,17 %
IDM0,60-7,69 %