FORBO HOLDING AG sees a downgrade to Slightly Negative on account of less fundamental stars
The independent financial analyst theScreener just lowered the general evaluation of FORBO HOLDING AG (CH), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date February 1, 2022, the closing price was CHF 1,782.00 and its target price was estimated at CHF 1,640.60.Forbo is a producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions. Co. segments include: flooring systems, which provides a range of linoleum, vinyl floors, entrance flooring systems for cleaning and drying shoes, carpet tiles, needle felt, and Flotex, the washable textile flooring, as well as ready-made adhesives for flooring installations and ceramic tiles, and leveling compounds for the construction industry under the trade name Eurocol; and movement systems, which provides conveyor and processing belts, synthetic modular belts, power transmission belts, as well as timing and flat belts made of synthetic materials.
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