No surprises in 4Q17 results
We expect 4Q17 results to have a neutral impact on Colonial’s stock price. We maintain our Sell recommendation, given that Colonial trades with a 10.1% premium to NAV (€8.15/share adjusted by Axiare), and a 14.5% premium to our target price (€7.84/share).
Inmobiliaria Colonial SOCIMI is engaged in the acquisition, construction, sale, disposal and lease of real estate and related activities, including car garages and parking lots, and the administration and management of real estate properties and land.
Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.
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