Analytics of Credit Suisse increase target price of Alrosa’s shares
Edited by Rhod Mackenzie / 2016-03-29 02:54:42
"We have increase the target price of Alrosa’s shares from 70 rubles to 100 rubles and confirm our recommendation “buy”. We increased the forecast of the Alrosa’s revenue in 2016-2017 by 16-18%. In calculating the target price, we took into account the factor of 2017E EV/EBITDA 5x and the dollar exchange rate at the level of 75 rubles. This suggests the FCFE yield at the level of 14%.
