The S&T share remains under massive pressure. At the beginning of the week, the paper was still trading at almost 22 euros, but today it was at a low of 16.48 euros. The reason for the crash is a short recommendation from a British analyst firm. This has greatly unsettled the market. The Linz-based company is currently trying to obtain details on this analyst’s opinion. One wants to address possible concerns in the short term and in detail, according to a statement from yesterday evening. Since then, nothing has been heard from the Austrians.
Warburg analysts stick with the buy recommendation for the shares of S&T despite the rumors. The experts still see the target price at EUR 27.50.
S&T itself makes it clear that the forecast for 2020 is likely to be reached or exceeded. We are on the right track. S&T is targeting sales of around 1.15 billion euros. The EBITDA is expected to be 115 million euros. That would be an increase of 3 percent in each case compared to the figures from 2019. By 2023, S&T wants to reach 2 billion euros or 220 million euros.
With the latest forecast confirmation, S&T makes it clear that the third quarter went very well. This ends today.
The analysts of Pareto Securities confirm their buy recommendation for the shares of S&T. The price target remains unchanged at EUR 33.00.
From the point of view of experts, it doesn’t take much these days to make investors nervous. According to the Grenke allegations, the market is very cautious and sensitive.
The shares of S&T lose 4.3 percent in the afternoon to 18.18 euros.