Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Increase in hydrocarbon and retail prices to drive company’s top-line, going forward
Common BUY Fundamental research indicates a 19% upside in the common stock over the next 6–12 months. We
Direct accessthetotarget
have calculated theprice
fullbased
report free of charge
on fundamental factors, at
using a weighted average of target
Stock http://www.iirgroup.com/researchoracle/viewreport/show/20288
prices obtained using DCF and comparative valuation methodologies. We continue to take a 6–12
month investment horizon for this stock, as the commodities market in which the company operates is
highly cyclical and therefore trends can be captured more accurately within a shorter investment
Ticker: REP.MC horizon.
Target price: €27.32 We reiterate the common stock to a BUY with a 6–12 month target price of €27.32 per share.
Current price: €22.99
ADR BUY The ADR is expected to appreciate approximately 12% over the next 6–12 months as the 19%
fundamental upside is offset by 6 percentage point’s downside attributable purely to the anticipated
depreciation of the Euro against the US dollar and 1 percentage point downside attributable to the
reduction of current premium over the same period1.
Ticker: REP
Target price: US$40.98
Current price: US$36.66
We reiterate the ADR (1 ADR = 1 common share) a BUY with a 6–12 month target price of US$40.75.