Puig: Alcista potential of 23.6% from minimums, but far from its IPO price

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By Jack Ferson

Puig: Alcista potential of 23.6% from minimums, but far from its IPO price

Puig Brands’s actions try yesterday closed in a new minimum In its short stock history in 16,10 euros.

Today the value receives a vote of trust from the analysts of Berenbergwhich start Puig’s coverage with a recommendation of ‘keep‘And an objective price of 19.90 euros per action which is a bullish potential of 23.60% in front of yesterday’s closure.

Despite this potential, Berenberg is not among the most optimistic analysis houses on the company behind Carolina Herrera’s perfumes. According to the data collected by Reuters, analysts give the value a council of ‘comprar‘And an objective price of 25.18 euros that are 55.48% above the current levels.

Puig’s actions have had a very complicated traffic through the parquet in the 11 months it has been quoted. The company 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, it entered the Ibex 35. A little less than a month and a half of fulfilling its first year in the parquet, its highest point touched it on June 13, when it came to quote 27.78 euros.

Using these reference levels, The current price is 41.70% below its maximums and 33.90% compared to its stock debut.

Last February, Puig announced that it generated a record of net sales of 4,790 million in 2024. This represented a solid growth of 11.3% in reported terms and 10.9% LFL compared to 2023, (growth at perimeter already constant exchange rate) far ahead of the premium beauty market.

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