Sponsored
Article Tools

Vienna Stock Exchange: Winners and Losers (2011-02-09)

Published: February 10, 2011; 00:01 · (Vindobona)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

Vienna Stock Exchange: Winners and Losers (2011-02-09) / Picture: © Vindobona.org

Goldman Sachs downgrades Austrian Post from “Neutral” to “Sell”. "We continue to acknowledge the attractions of Austrian Post given its dividend yield, the highest in the Business Services sector (6.8% in 2012E). However, as we roll our valuation forward to 2012E, we see significantly more upside elsewhere in the sector", Goldman Sachs says. The target price decreases from € 22.88 to € 21.90.

Goldman Sachs raises Schoeller-Bleckmann from “Neutral” to “Buy”. The target price has been increased from € 73.50 to € 82.50.

Vienna Insurance Group: Erste Group raises the target price from € 44.50 to € 50.00. The “Buy” rating has been retained. The analyst justifies the decision with the strong activity in the CEE region. VIG is already the leading insurance company in Romania, Bulgaria, Czech Republic and Slovakia. EPS is expected as follows: € 3.03 for 2010, € 3.48 for 2011, € 3.68 for 2012. Expected dividends: € 1.00 for 2010, € 1.10 for 2011, € 1.20 for 2012.

Société Générale sets the new target price at € 42.00 (€ 40.00).

Voestalpine raises its dividend for 2010/11. According to CEO Wolfgang Eder, the dividend will rise by 50 Cents per share. However, a return to a dividend yield beyond 4% would be too optimistic. Eder states, the yield will be “clearly beyond 2%”. In 2009/10, voestalpine paid out € 0.50 per share.

Erste Group raises the target price for Uniqa from € 12.40 to € 13.80. The recommendation “Reduce” has been confirmed. Expected EPS: € 0.35 for 2010, € 0.72 for 2011, € 0.79 for 2012. Dividends are estimated to amount to 0.40 in 2010 to 2012.

RCB downgrades Erste Group from “Buy” to “Hold”. The target price moves from € 35.00 to € 41.30.

Today, ATX fell by 0.23% closing at 2,983.82.

Best Five

SBO +4.29%
VIG +1.74%
RBI +1.46%
Semperit +0.61%
Verbund +0.51%

Worst Five

Voestalpine -3.00%
Wienerberger -1.84%
Bwin -1.29%
Flughafen Wien -0.66%
Zumtobel -0.63%