Analysts at Erste Bank have raised the target price for Atlantic Group shares from the previous 585 kuna to 620 kuna per share, with a recommendation to ‘collect’.
There is no doubt that 2012 was a year full of challenges for Atlantic Group, but the long-term prospects for the business are undoubtedly strong, states the report signed by Vladimira Urbankova.
According to her estimate, Atlantic’s net profit this year is expected to amount to 81.1 million kuna, which is 4.5 percent lower than the previous estimate, while next year the net profit could reach 134.8 million kuna.
For the next year, more positive impacts on the company’s business are also expected from the acquisition of Droga Kolinska.
