Nemetschek SE logo

NEM - Nemetschek SE News Story

€81.3 -3.6  -4.3%

Last Trade - 21/01/22

Large Cap
Market Cap £7.86bn
Enterprise Value £7.83bn
Revenue £546.9m
Position in Universe 131st / 1058

BUZZ-Top of the Street: Rolls Royce, Mediobanca, Nemetschek, Homeserve, Rio Tinto, HSBC

Wed 6th October, 2021 1:50pm
Oct 6 (Reuters) - A round-up of notable broker activity this
morning from Europe's top-ranked* analysts:
    ** Bernstein raises Britain's Rolls Royce  RR.L  to
"market-perform" from "underperform", saying its non-civil aero
success helps slowly build confidence in the company's
turnaround, future cash growth, and balance sheet repair
    ** Deutsche Bank cuts Italy's bank Mediobanca  MDBI.MI  to
"hold" from "buy", saying the stock offers a limited upside from
the current levels
    ** Deutsche Bank and Stifel both cut German-based
construction software developer Nemetschek  NEKG.DE  to "hold"
from "buy", with DB expecting a good but slower progress in Q3
vs Q2, while Stifel seeing Nemetschek achieving peak top-line
growth and EBITDA margins in 2021*:nL8N2R20XS
    ** Exane BNP Paribas double downgrades international home
repairs and improvements firm Homeserve  HSV.L  to
"underperform" from "outperform", being less of an enthusiast on
the company's short-term trajectory for customer numbers in the
United States and Britain*:nL4N2R21DK
    ** Exane BNP Paribas Raises mining and metals company Rio
Tinto  RIO.L  to "outperform" from "neutral" on valuation and
BHP's  BHBP.L  FTSE exit
    ** UBS raises London-listed lender HSBC  HSBA.L  to "buy"
from "neutral" on valuation grounds, saying HSBC is
underperforming since mid-2019*:nL4N2R21EZ    
(*Analyst rankings from Thomson Reuters StarMine. The scale is
from 1-star to 5-star with 5 being the best. Analysts are ranked
on earnings accuracy as well as relative performance of
recommendations over trailing 12-month & 24-month periods.)

 (Reporting by Halilcan Soran and Adrianna Ebert)
© Stockopedia 2022, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.