Netcompany: the post-results rally continues

Netcompany A/S

21/08/2020 10:27

Aug 21 -    ** Shares in Danish IT service provider
Netcompany Group A/S  NETCG.CO  continue their rally from
Thursday, now rising nearly 8% to DKK 507, following an
"impressive" Q2 update 
    ** Deutsche Bank and Morgan Stanley analysts hike their PTs
by 38% and 27% to DKK 470 ($74.56) and DKK 515 ($81.70)
respectively
    ** Deutsche Bank says the company delivered results it sees
as impressive in the light of the COVID-19 crisis
    ** While Jyske Bank also highlights that the
higher-then-expected growth slowdown in the UK and Norway was
more than offset by high growth rates in Denmark and the
Netherlands
    ** The brokerage stays at "buy" with PT of DKK 550 but
adjusts estimates in line with Netcompany's guidance 
    ** Netcompany stock is at its all-time high, and has risen
60% YTD


($1 = 6.3033 Danish crowns)

 (Aleksandra.jasiurska@thomsonreuters.com)