Wolters Kluwer: Berenberg raises target price

(CercleFinance.com) - On Wednesday the Wolters Kluwer share is the sharpest riser in the AEX 25 index, with broker Berenberg having raised its target price for the share from 58 euros to 62 euros, albeit maintaining a "hold" rating on the share.


In a note sent to clients, the German broker recognises that the Dutch publisher is trading at an expensive valuation on the market, but it also believes that this high price is a "reassuring" factor.

Just after 4 pm today, the share was up 2% at 64.8 euros, while the AEX was down around 0.3%.

For the record, last week Wolters Kluwer reported organic sales growth of 4% over the first six months of the year and confirmed its FY targets.


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