Transgaz Medias (TGN) shares could become an interesting optionfor investors once again, amid a rise in the net profitdistribution rate from 50% to 90%, as well as in the context ofheightened risk aversion among investors given the latest politicaland macroeconomic developments in Romania.
Analysts of Raiffeisen Capital & Investment (RCI) brokerageraised the target price for shares of gas transmission companyTransgaz Medias to 246 RON/share, compared with thebeginning-of-the-month estimate of 233 RON/share, following thepositive data on local gas consumption and the substantial increasein the rate of dividend distribution at state-held companies,Transgaz included.
The new target price estimated by RCI analysts is 9.7% higherthan the closing price displayed at the end of last week, 224.1RON/share, with analysts recommending to "hold" Transgazshares.
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