Economy Börse Express - ANALYSIS: Competition and more risks at...

Börse Express – ANALYSIS: Competition and more risks at Fielmann make Berenberg negative

-

Shareholders in the optician chain Fielmann
underestimate according to the private bank Berenberg
numerous risks from the rapid change in the industry. The new,
Fielmann’s expensive growth strategy and a strong price recovery
Analyst Graham Renwick vote negative for the stock. The stroked in
According to a study available on Friday, his “hold” recommendation and advises
now for sale of the paper.

He also left the target price at 57 euros, which is for his
In my opinion, for some time now, this has risen sharply and unjustifiably
Share sees a downside potential of currently around 18 percent. The
Share would be that of the Dutch industry colleague
Grand vision Renwick added. The
Share price fell 6 percent on Friday to EUR 70.55.

Fielmann has long been considered unmatched in the optical retail sector
apply, but the industry is now big changes
subject, wrote the Berenberg analyst. I did
Companies still have a unique market share in
Germany, but competition is increasing and sales growth is decreasing.

Fielmann is looking for new growth-promising channels that
seemed convincing and investing in digitization and
Modernization. However, the expert also referred to the
associated higher risks, greater capital intensity
and margin dilution.

The dividend no longer appears due to the cash inflow
(Cash flow) covered, as Renwick said. “Fielmann eats that
Financial cushion gone, “he warned.

With the recommendation “Sell” Berenberg sees at sight twelve
Months of sustained downside potential of more than 15 percent
for the share./ck/mis/eas

Analyzing institute Berenberg.

Most Recommended Web hosting

World News : archywordys.com

Publication of the original study: 13.02.2020 / 18:16 / GMT

First transmission of the original study: date in study not
specified / time in study not specified / time zone in study
not specified

 ISIN  DE0005772206

AXC0212 2020-02-14 / 14: 48

Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.

,

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Agnès Buzyn nominated LRM candidate to replace Benjamin Griveaux

The Minister of Health and Solidarity, Agnès Buzyn, on February 8 in Paris. CHRISTOPHE ARCHAMBAULT / AFPTwo...

The Anticapitalists leave Podemos because they have become the “political class” they used to criticize

THE WORLDEUROPE PRESSMadrid Sunday, 16 February 2020 - 18:40They refuse to participate in the assembly of Vistalegre III because that act will mean "the ratification...

Basketball: Dijon wins its first Leaders Cup

Dijon, co-leader of the French Championship with Monaco, won this Sunday at Disneyland Paris in Marne-la-Vallée (Seine-et-Marne) the first...

Reuters Health News Summary

Below is a summary of the latest health news.Patients are often confused by medical reviewsEven the best educated, responsible...

The emerging markets trust China’s viral moves to keep the rally going

(Bloomberg) - Would you like to learn more about European markets? Every day before opening in your inbox. Sign...

David Beckham and his children cheer Victoria on during London Fashion Week

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) - sm Mt (0.8em) - sm" type = "text" content...

Must read

Agnès Buzyn nominated LRM candidate to replace Benjamin Griveaux

The Minister of Health and Solidarity, Agnès...

The Anticapitalists leave Podemos because they have become the “political class” they used to criticize

THE WORLDEUROPE PRESSMadrid Sunday, 16 February 2020 - 18:40They refuse to participate in the assembly...

You might also likeRELATED
Recommended to you