Wüstenrot & Württembergische AG

Regulatory Filings • Apr 1, 2016

News Details

Corporate | 1 April 2016 10:37

Wüstenrot & Württembergische AG: LBBW raises the target price of the W&W share

DGAP-News: Wüstenrot & Württembergische AG / Key word(s): Research Update

2016-04-01 / 10:37

The issuer is solely responsible for the content of this announcement.

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LBBW raises the target price of the W&W share to 21 euros, ongoing recommendation to buy

Montega: “Current price pullback unfounded”

Boerse Online: “W&W share is a SDAX dividend-star”

Following publication of the annual report on 31 December 2015 and yesterday’s telephone conference of analysts, the LBBW has updated its analyst assessment of the W&W share.

After the earnings contributions increased for all sectors in the fourth quarter of 2015, the LBBW rates the quality of the results as high.

“The forecast from W&W for net income in the overall year 2016 is ‘at least 220 million euros’, which we believe is a conservative estimate ( LBBWe : 238 million euros)”.

The LBBW believes the W&W share is priced reasonably and confirms its recommendation to buy the security. It is raising its target price from 20 euros to 21 euros.

Also the analyst of Montega is convinced that the current price pullback is unfounded. He expects overall good new business. “The new generation of home savings contracts have high market acceptance.”

At Boerse Online the announced rise of W&W’s dividend stands in the focus – “The rise is bigger than we expected.” In the current issue of Boerse Online W&W share is a SDAX dividend-star.

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2016-04-01 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	Wüstenrot & Württembergische AG
	Gutenbergstrasse 30
	70176 Stuttgart
	Germany
Internet:	www.ww-ag.com
ISIN:	DE0008051004
WKN:	805100
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf

End of News	DGAP News Service