Puig’s stock market joy lasted three months. Since the bell rang on May 3 until the beginning of August, the Catalan company was trading above the 24.50 euros per share at which it had gone public. Since the beginning of August, he has only done it again punctually. Early September was the last time Puig traded at this price. Now from Kepler Cheuvreux, which begins its coverage in Puig, brings its target price closer to the starting price.
Specifically, the investment bank offers its first valuation for the Catalan company, placing it in 24.25 euros per shareonly 0.25 euros below this debut price. Currently, Puig’s shares are moving around 19 euros per share, which would leave it with an upside potential of 28% for the coming months.
Along with Kepler, there are only two more analysis firms that set target prices for the research company. premium beauty below the price with which it began its trading career: BNP Paribas and Morning, which set their valuations at 23 euros per share.
Since the first ratings began to be issued, a month after it hit the stock market, the target price of the analyst consensus collected by Bloomberg has been cut by 11% and currently this stands at 27.05 euros, compared to the 30.45 euros they initially estimated. Although this price leaves you an upside potential of 42% For the coming months, however, it would not allow it to exceed Puig’s current maximum on the stock market, established in June at 27.60 euros. At that time, its market capitalization reached 15,681 million euros.
The optimism of analysts has been reducing over the months and, in fact, there are now only two investment banks that offer target prices above 30 euros: CaixaBank and JP Morgan, 33 and 32 euros respectively.
Puig has lost around 22.5% of its value since it went public in May and the fall has extended to more than 28% since it entered the Ibex 35 on July 22. From Kepler Cheuvreux they begin their coverage by recommending buying the company’s shares. Next to her, 75% of analysts agree with this advice of taking positions.
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