01.04.2016
Wüstenrot & Württembergische AG DE0008051004
DGAP-News: Wüstenrot & Württembergische AG: LBBW raises the target price of the W&W share
DGAP-News: Wüstenrot & Württembergische AG / Key word(s): Research Update
Wüstenrot & Württembergische AG: LBBW raises the target price of the W&W
share
01.04.2016 / 10:37
The issuer is solely responsible for the content of this announcement.
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LBBW raises the target price of the W&W share to 21 euros, ongoing
recommendation to buy
Montega: "Current price pullback unfounded"
Boerse Online: "W&W share is a SDAX dividend-star"
Following publication of the annual report on 31 December 2015 and
yesterday's telephone conference of analysts, the LBBW has updated its
analyst assessment of the W&W share.
After the earnings contributions increased for all sectors in the fourth
quarter of 2015, the LBBW rates the quality of the results as high.
"The forecast from W&W for net income in the overall year 2016 is 'at least
220 million euros', which we believe is a conservative estimate (LBBWe: 238
million euros)".
The LBBW believes the W&W share is priced reasonably and confirms its
recommendation to buy the security. It is raising its target price from 20
euros to 21 euros.
Also the analyst of Montega is convinced that the current price pullback is
unfounded. He expects overall good new business. "The new generation of
home savings contracts have high market acceptance."
At Boerse Online the announced rise of W&W's dividend stands in the focus -
"The rise is bigger than we expected." In the current issue of Boerse
Online W&W share is a SDAX dividend-star.
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01.04.2016 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.
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Language: English
Company: Wüstenrot & Württembergische AG
Gutenbergstrasse 30
70176 Stuttgart
Germany
Internet: www.ww-ag.com
ISIN: DE0008051004
WKN: 805100
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf
End of News DGAP News Service
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