Deutsche Bank Keeps Their Buy Rating on Ferrovial (0P2N)
In a report released today, Harishankar Ramamoorthy from Deutsche Bank maintained a Buy rating on Ferrovial, with a price target of €52.50. The company’s shares closed yesterday at €49.04.
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According to TipRanks, Ramamoorthy is a 4-star analyst with an average return of 14.3% and a 62.16% success rate.
In addition to Deutsche Bank , Ferrovial also received a Buy from Bank of America Securities’s Marcin Wojtal in a report issued on September 17. However, on September 12, RBC Capital maintained a Hold rating on Ferrovial (LSE: 0P2N).
Based on Ferrovial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €2.23 billion and a net profit of €270 million. In comparison, last year the company earned a revenue of €2.39 billion and had a net profit of €207 million
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0P2N in relation to earlier this year.
