In their report of 2 June 2015, the mBank Brokerage House analysts raised the target price of ELEKTROBUDOWA’s shares from 112.9 PLN to 149.7 PLN. The “accumulate” recommendation was maintained. According to the authors of the report, after “very good Q1 results (also in terms of cash flow), the Management forecast for2015, inwhich they assume 45m PLN net profit, seems conservative”. It was pointed out that the negative trends from past quarters, i.e. negative profitability of the industry segment and poor cash flow, have been reversed. “We expect that the improvement is permanent”, it was added.
The report has been prepared for the share price on the level of 134 PLN.
The company has received five recommendations since February 2015, each positive..