Connect with us

Hi, what are you looking for?

Politics

Keywords Studios will come out of pandemic stronger than before, says Berenberg as it hikes target price

Keywords Studios PLC (LON:KWS) “will come out the other side of [coronavirus] stronger than it was” ..

Keywords Studios PLC (LON:KWS) “will come out the other side of [coronavirus] stronger than it was” according to analysts at Berenberg, who on Monday hiked their target price for the firm to 1,700p from 1,600p and retained their buy rating.

In a note, the bank said it now expected sales for the video game services firm to grow 9% year-on-year in 2021, adding that the companys £100mln fundraising last week was “a shrewd move to accelerate market consolidation at, very likely, favourable valuations”.

WATCH: Keywords Studios in strong position to continue acquisition strategy following £100mln raise[hhmc]

As a result, Berenberg said they expected Keywords to deploy the £100mln over the next 18 months, forecasting that the acquisition strategy will add around €19mln to their 2021 earnings (EBIT) estimate.

The broker also highlighted that the firm said it was “past the trough” and, with capacity improving, they Read More – Source
[contf]
[contfnew]

Proactiveinvestors

[contfnewc]
[contfnewc]

Finance

In an interview with ET Now, Dabur India Director Mohit Burm..

Science

The 147th Open championship will be at Carnoustie Golf Club in Scotland. Jan Kruger/R&A Golfers ..

Tech

Enlarge Oliver Morris/Getty Images) In response to an Ars re..

Tech

Enlarge/ You wouldn't really want to use Nvidia's ..