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CHR. HANSEN HOLDING A/S

(CHR)
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Delayed Nasdaq Copenhagen  -  10:59 2022-08-15 am EDT
483.30 DKK   +1.24%
08/02Chr. Hansen Holding A/S - Major shareholder announcement from APG Asset Management N.V.
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08/02Chr. Hansen Holding A/S - Major shareholder announcement from APG Asset Management N.V.
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07/07European shares march higher on auto, commodity boost
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European shares march higher on auto, commodity boost

07/07/2022 | 05:02am EDT

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* Tenaris climbs on Jefferies upgrade to "buy"

* Chr Hansen bottoms STOXX 600 as Q3 results disappoint

July 7 (Reuters) - Economy-sensitive stocks and chipmakers boosted European shares on Thursday, with the latter getting a lift from upbeat results by South Korea's Samsung, while investors awaited minutes of the European Central Bank (ECB) meeting for clues on rate hikes.

The continent-wide STOXX 600 index was up 1.4%, building on a strong rally marked in the previous session as a strike by Norway's oil and gas workers came to an end.

Automobiles and basic resources stocks climbed 4.6% and 3.2%, respectively, to lead gains among the European sectors.

Shares of Tenaris jumped 6.8% to power the European oil and gas sub-index after Jefferies upgraded the stock to "buy" from "hold."

Trading has remained volatile so far this year, as investors debated whether market valuations have turned attractive in the wake of a sharp selloff on concerns that aggressive rate hikes to tame inflation would trigger a recession.

The STOXX 600 has shed 15.3% so far this year.

UK's domestically focused FTSE 250 index hit a session high after media reports said Boris Johnson will announce his resignation as British prime minister.

"The key question is will inflation come down first or do we need a recession for inflation to come down afterwards? That's what the market is trying to grapple with at the moment," said Dhaval Joshi, chief strategist at BCA Research.

"Most of the valuations selloff, which is because of higher bond yields, is over and behind us. Now the problem we have is if economies enter recession, then we're going to see quite a lot of profit downgrades."

As of Tuesday, second-quarter earnings for STOXX 600 companies are expected to climb 19.2% year-over-year. Excluding the energy sector, earnings are expected to rise 2%, according to Refinitiv data.

Investors will focus on the accounts of the ECB's June meeting, due at 1130 GMT. In another meeting later this month, the central bank is widely expected to raise interest rates by 25 basis points.

Among other stocks, semiconductor firms STMicroelectronics , BE Semiconductors, ASM International and ASML Holding gained between 1.8% and 3.1% after Samsung Electronics Co Ltd posted its best April-June profit since 2018, underpinned by strong sales of memory chips to server customers.

Shares of Chr Hansen slid 8.3% to the bottom of STOXX 600 after the Danish food ingredients maker reported disappointing quarterly results and narrowed its organic revenue growth target for 2021/22.

(Reporting by Devik Jain in Bengaluru; Editing by Sherry Jacob-Phillips)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ASM INTERNATIONAL N.V. 1.27% 304 Real-time Quote.-21.79%
ASML HOLDING N.V. 1.27% 560.2 Real-time Quote.-20.73%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.09% 0.6913 Delayed Quote.8.69%
BE SEMICONDUCTOR INDUSTRIES N.V. 0.22% 53.88 Real-time Quote.-28.18%
BRITISH POUND / EURO (GBP/EUR) -0.03% 1.1857 Delayed Quote.-0.65%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.01% 0.762829 Delayed Quote.9.63%
CHR. HANSEN HOLDING A/S 1.24% 483.3 Delayed Quote.-7.37%
FTSE MID 250 INDEX 0.22% 20382.76 Delayed Quote.-13.38%
INDIAN RUPEE / EURO (INR/EUR) 0.09% 0.012377 Delayed Quote.3.79%
LONDON BRENT OIL 0.56% 94.1 Delayed Quote.25.61%
SAMSUNG ELECTRONICS CO., LTD. 0.50% 60200 End-of-day quote.-23.12%
STMICROELECTRONICS N.V. 0.85% 37.44 Real-time Quote.-13.67%
STOXX EUROPE 600(EUR)(TR) 0.34% 1017.43 Delayed Quote.-7.71%
TENARIS S.A. -0.23% 13.135 Delayed Quote.42.62%
US DOLLAR / EURO (USD/EUR) 0.04% 0.984552 Delayed Quote.10.84%
WTI 0.70% 88.717 Delayed Quote.21.92%
All news about CHR. HANSEN HOLDING A/S
08/02Chr. Hansen Holding A/S - Major shareholder announcement from APG Asset Management N.V.
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08/02Chr. Hansen Holding A/S - Major shareholder announcement from APG Asset Management N.V.
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07/07European shares march higher on auto, commodity boost
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Analyst Recommendations on CHR. HANSEN HOLDING A/S
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Financials
Sales 2022 1 212 M 1 234 M 1 234 M
Net income 2022 227 M 231 M 231 M
Net Debt 2022 887 M 903 M 903 M
P/E ratio 2022 37,6x
Yield 2022 1,51%
Capitalization 8 563 M 8 719 M 8 719 M
EV / Sales 2022 7,80x
EV / Sales 2023 7,15x
Nbr of Employees 3 702
Free-Float 77,8%
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Technical analysis trends CHR. HANSEN HOLDING A/S
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 65,03 €
Average target price 68,92 €
Spread / Average Target 5,97%
EPS Revisions
Managers and Directors
Mauricio Graber President & Chief Executive Officer
Lise Skaarup Mortensen Chief Financial Officer & Executive Vice President
Dominique Reiniche Chairman
Henrik Joerck Nielsen Chief Scientific Officer & Executive VP
Torsten Steenholt Executive Vice President-Global Operations