Aktiespararna, which issued a buy recommendation for installation company Bravida in October with a target price of 107 kronor, notes that the target has already been reached but believes there is still more potential in the stock. The analysis firm is raising its target price to 120 kronor.
"As the company's strategy – carefully selected projects with strong margins – appears to be playing out well, and as it benefits from a favorable economic climate, we see continued upside in the share and are raising our target price to 120 kronor, corresponding to a P/E of 20 on a rolling twelve-month basis. For those with a shorter investment horizon who do not believe the economy will gradually strengthen through 2026, the advice is to take profits," the firm said.
Bravida is trading down 0.3 percent today at 106.80 kronor.
Bravida Holding AB is a Sweden-based supplier of technical installation and services to buildings and structures. The Company offers expertise and integrated solutions in three technology areas, namely electricity, plumbing, and heating, ventilation, and air conditioning (HVAC). Its offer ranges from consulting and design to installation and servicing, and is divided into two main areas: installation of technical systems in buildings and facilities, and service and maintenance of completed installations. The Company also provides property management, security alarms and access control solutions, among others. It is active in five geographical divisions, namely North, Stockholm, South, Norway and Denmark.
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