Despite the increase in the price – JM-shares remain attractively valued, according to Pareto.
MO-share remains attractively valued, even after the price increase on Wednesday in the wake of the relief that the report for the third quarter led.
It writes the Pareto in a analysuppdatering where the recommendation buy repeated with a new price target of 305 sek, from the previous 270 sek.
“Everything in the report was positive surprises and it reinforces our positive view,” writes the Pareto, which highlights that the stock is trading at an EV/ebit multiple under 9 on the expected results for 2017. The valuation for a high-quality scale housing developer call by for “a cape”.