Redeye lowers its assessment of fair value (“fair value”) for the Fingerprint Cards to the 176 sek 209 sek.
“As a result of the recent disappointments, we assume a more conservative view,” writes Redeye in an analysis dated december 27.
the Range of the updated valuation range between sek 47 (the”bear case”) and 276 sek (the”bull case”) per share. The previous range was 65-330 per share.
Redeye believe, however, that the Fingerprint is in a temporary slump.
“the Market has an overly negative view of the FPC’s long-term opportunities – the recently-announced profit warning for the full year 2016 does not change our fundamental view,” writes the Redeye.
Fingerprint Cards closed at just over 65 crowns on Tuesday.
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