Stolt-Nielsen shares fall 3.4 percent to 100.50 kroner. The reason is the company’s presentation.
The company announced Thursday morning for a net profit of $ 21.15 million in accounting Q4 2015, which ended at the end of November, compared with $ 13,640,000 in the same period the year before.
Analyst Frode Mørkedal in Clarkson Platou Markets describes the outcome as weaker than expected, according to TDN Finans.
The company’s tanker business did better than expected, and weighs thus up weak results in the terminal and container segments, according to the brokerage. Platou will not make specific changes in estimates.
“This is a proof of the company’s diversified business model,” writes Mørkedal. He reiterates its buy recommendation and a price target of 169 crowns per share. It provides a potential upside of 68 percent.
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