Deutsche Boerse: BarCap increases target price.
(CercleFinance.com) - Barclays Capital reiterates its "overweight" rating on Deutsche Boerse and has increased its target price on the stock to 106 euros, saying the group's revenue opportunity in derivatives is being "overlooked" by the market.
In a research report, the broker notes "multiple growth stimuli" for the German exchange operator's Eurex derivatives franchise, which, incidentally, is its largest division.
"Its future growth outlook is, in our view, key to accelerating group EPS growth for 2018/2019," BarCap underlines in the report.
"Management projects 475 million euros of structural and cyclical revenue opportunities for Eurex by 2019, equating to an impressive 20% of 2016 group revenues," the broker adds.
Copyright (c) 2017 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.
In a research report, the broker notes "multiple growth stimuli" for the German exchange operator's Eurex derivatives franchise, which, incidentally, is its largest division.
"Its future growth outlook is, in our view, key to accelerating group EPS growth for 2018/2019," BarCap underlines in the report.
"Management projects 475 million euros of structural and cyclical revenue opportunities for Eurex by 2019, equating to an impressive 20% of 2016 group revenues," the broker adds.
Copyright (c) 2017 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.