Thrace plastics revised price target set at €7,7ps by Eurobank Equities
Thrace plastics revised price target set at €7,7ps by Eurobank Equities

Thrace plastics revised price target set at €7,7ps by Eurobank Equities

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RE+D magazine
18.10.2024

According to the new Eurobank Equities report, Plastics Thrace Group target price was set at €7.7 per share, indicating a significant upside prospect compared to current levels.

The report forecasts an increase in volumes sold by 5.6% and revenue by approximately 4% annually, while maintaining stable EBITDA.

As noted, these performances are particularly noteworthy given the challenges of pricing pressures, the competitive environment and the geopolitical landscape, indicating the company's ability to overcome obstacles and grow.

The brokerage estimates that the Group is in a favorable position to capitalize on cost efficiency opportunities and sales volume growth in the medium term. It will continue to develop its business in a sustainable manner, further strengthening its market shares.

In the report it is noted that, despite the challenges, Plastics Thrace Group has managed to maintain strong cash flows and a healthy balance sheet, while it has proceeded to implement investments amounting to approximately 30 million euros in accordance with its strategic plan.

For the current year it has distributed approximately 7 million euros in dividends. In total, during the last five years, Plastics Thrace Group has invested approximately 150 million euros in development initiatives and has returned almost 45 million euros to shareholders.