Umicore: has further potential according to Liberum
(CercleFinance.com) - Liberum analysts have confirmed their buy rating on Umicore, the Belgian specialist in technology materials and metal recycling.
They have a target price of 47 euros for the share.
Indeed, the Umicore share has risen by over 50% in one year, while the group is one of the main suppliers of materials used to make batteries.
Admittedly, this business currently just represents around 13% of operating earnings, although this proportion is expected to increase to around 50% in 2025, since its annual growth is set to be around 30%, Liberum says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
They have a target price of 47 euros for the share.
Indeed, the Umicore share has risen by over 50% in one year, while the group is one of the main suppliers of materials used to make batteries.
Admittedly, this business currently just represents around 13% of operating earnings, although this proportion is expected to increase to around 50% in 2025, since its annual growth is set to be around 30%, Liberum says.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.