Analysts of BH Bank BGZ in the latest report issued "neutral" recommendation for the distributor of car parts, setting the target price at PLN 160,05. The Recommendation was prepared with the market price of PLN 167. On Wednesday, at closing of quotations the share price was PLN 180. Authors of the recommendation draw attention to the fact that environment in which Inter Cars operates contributes to further increase, the best example is a growing market and its high fragmentation. They argue that with fierce competition on the market, large entities with sound financial situation are in a privileged position. The drive of growth of the Company will be export sales, which in the future is to constitute half of revenue. The forecast of BH BGZ analysts assumes that in 2014 the net profit of Inter Cars shall be PLN 179.4 million and revenues amounting to PLN 3.97 billion. In the following year, net profit is supposed to increase to PLN 192.6 million and sales revenue up to PLN 4.42 billion.

Source: Rzeczpospolita B 
2014-08-21

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