reports
- Simen Mortensen
- Antti Kansanen
- Christer Magnergård
- Martin Arnell
- Mattias Holmberg
- Mattias Montgomery
- Niclas Gehin
- Ole-Andreas Krohn
- Patrik Ling
- Rune Majlund Dahl
- Simen Mortensen
- Mattias Montgomery
Peab (Sell, TP: SEK70.00) - Prices continue to weaken
Q1 is typically the least important quarter in EBIT contribution, thus we expect the focus to be on order intake and number of homes sold. We continue to be negative on the shares based on weakening house prices and we believe Peab should be trading at a discount to NCC given the exposure differences. SELL recommendation and target price of SEK70 maintained. The report is due on 7 May, time TBC.
- Alexander Aukner
- Mattias Montgomery
- Niclas Gehin
- Nicolay Dyvik
- Ole Martin Westgaard
- Ole-Andreas Krohn
- Patrik Ling
- Simen Mortensen
- Tone Bjørnstad Hanstad
- Mattias Montgomery
Peab (Sell, TP: SEK70.00) - Peak cycle strength
Peab’s Q4 results came in above both our expectations and consensus, and while have lifted our estimates, we see plenty of downside from a weaker market not factored in by consensus. We believe Peab should trade at a discount to peers based on the exposure differences and thus have cut our target price to SEK70 (74).
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