About to fulfill its first year at IBEX 35, the actions of Puig Brands continue to pity in the stock market, far from the levels to which he debuted in the parquet. The truth is that analysts do not seem to expect to recover these dimensions in the medium and long term, but that they see a more than considerable potential taking into account the current levels.
Today, the Barclays analysts have decided to raise the target price of Puig’s actions to the 21.30 euros per actioncompared to the previous 21 euros. This new assessment is a Alcista potential of 32.1% Facing the closing of yesterday Thursday.
Something more moderate are the analysts of Berenbergthat maintain their recommendation of ‘keep‘and reduce the target price of 19.50 euros to 19 euros per action. But even in this case the Alcista potential is 17.8%.
Neither Barclays nor Berenberg are among the most optimistic analysis houses on the company behind Carolina Herrera’s perfumes. According to Reuters data, on average analysts covering Puig give advice to ‘buy’ and an average target price of 22.74 euros that is 40% above the current contribution.
Today Puig’s shares rise at mid -morning 0.74% to mark 16.24 euros in which it is their second consecutive session in green after the publication of their sales figures of the second quarter. The company closed the first semester with record sales of 2,299 million euros, 7.6% more than last year to constant perimeter and exchange rate (LFL) and 5.9% more in reported terms.
Puig made the leap to the parquet on May 3 of last year at a price of 24.50 euros and just a few months later, On July 22, he entered the selective. Its highest point touched on June 13, when it came to quote 27.78 euros. Using these reference levels, the current price is 41.5% below its maximums and 33.7% compared to its stock debut.