Continental : Lack of triggers do not play in favour of a stock rebound near term
>Stock rebound unlikely near term, downgrade to Neutral - In light of last week’s profit warning and the downward revision to our estimates, we have downgraded our recommendation for Continental to Neutral vs Buy previously. Our target price, based on an SOTP approach, has been cut to € 180 (vs € 240). Indeed, despite the recent sharp fall in the share price (-19% over the past month) which appears to suggest that the group’s difficulties have now been largely priced ...Pancontinental Oil & Gas is engaged in exploration for oil and gas properties in Kenya and Namibia. Co. is in joint venture over an offshore area in the Walvis Basin, Namibia and holds an interest in the L6 block onshore/offshore Kenya.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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