FRANKFURT (dpa-AFX Broker) - K+S shares are set to post gains on Tuesday following the publication of its third-quarter results. The price of K+S shares rose by 1.3 percent to EUR 11.04 on the Tradegate trading platform compared to the Xetra closing price.
This would continue the recent stabilization attempt after the price had fallen by around 38 percent since its interim high in June.
Analyst Angelina Glazova of JPMorgan wrote in an initial reaction that the quarterly figures were solid, but that the range of the annual profit target remained quite wide.
This takes "some of the shine off the results." The focus is therefore on the conference call in the morning and questions about the drivers of business in the final quarter. /mis/zb
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