ATENOR : Do you dare to take the risk?
After an update of our model, making estimates on a project by project basis, we resume coverage with a new TP of € 70 ps (prev. € 57). we see upside in Atenor’s SP as the Co creates value, has a stable dividend and a highly skilled management team with significant skin in the game. However, in the uncertain market environment of today, we think visibility is key. As a developer, Atenor falls short on this aspect. We therefore remain on the conservative side and rate the shares Hold.Atenor Group is a holding company. Co., through its subsidiaries, is a real estate developer that specializes in large-scale, urban real estate projects that meet strict criteria in terms of location, economic effectiveness and respect of the environment including office buildings, mixed used and residential complexes. Co. has acquired diversified know-how which it uses to design and build projects in Belgium and other countries throughout Europe.
We are a financial services provider for several types of professional clients, each with distinct needs.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.