Brokerage house Goldring sees OMV Petrom's shares 5%-11% above current level
<p>The brokerage house Goldring maintains its target price for the shares of OMV Petrom (BVB: SNP) in the range of RON 0.78 - 0.82, estimated in the spring, according to a report published at the end of last week, quoted by <a href="https://www.bursa.ro/goldring-vede-actiunea-omv-petrom-in-intervalul-0-78-0-82-lei-peste-pretul-din-piata-43538357?mc_cid=bd4b019d74&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Bursa.ro</a>.</p>

<p>The target price is 5.6%-11% above the current quotation of the company's shares.</p>

<p>The brokerage house estimates that the oil and gas producer will obtain a net profit of RON 5 billion this year, slightly above the company's projections.</p>

<p>To estimate the target range of the share price, Goldring uses the discounted cash flow method and the market multiples method.</p>

<p>Based on the discounted cash flow method, the analysts obtained a price of RON 0.7837 per share and based on the multiple valuation method, a price of RON 0.824. The estimate has a time horizon of twelve months.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: Mihai Olaru/Dreamstime.com)</em></p>