The shares of Friedrich Vorwerk rose by over 5 percent on Friday despite an overall weaker market environment, attributed to increased expectations from the Metzler bank regarding the annual targets.
Increased Expectations and Price Targets
Nikolas Demeter from Metzler has raised the price target for Friedrich Vorwerk in his outlook for the half-year report in mid-August to 72 euros. He anticipates that the company will raise its annual targets, as the revenue target range was already narrowed upwards with the figures from the beginning of the year. However, he considers this approach conservative in the current favorable business environment.
Profit in a Positive Market Environment
Friedrich Vorwerk benefits as a pipeline and plant builder, particularly in the fields of natural gas, electricity, and hydrogen applications, from a positive market environment. The stock is approaching the weekly high of 64.90 euros and the record high from May of 66.60 euros with the rise in price.
With an impressive annual increase of 141 percent, Friedrich Vorwerk is currently the second-best stock in the SDax – a strong signal for private investors interested in positive corporate performance.
This development suggests that private investors might find an attractive opportunity due to the anticipated positive corporate development and strong growth in this sector.
- Share price rose over 5% despite weak overall market
- Price target Metzler: 72 euros (increased)
- Expected increase of annual targets by Friedrich Vorwerk
- Revenue target range already revised upwards at the start of the year
- Strong business environment (natural gas, electricity, hydrogen)
- Second-best SDax stock with +141% in the current year