(AOF) – Berenberg announces in a note dated today on Eurofins Scientific that it remains a buy on the stock but lowers its price target from 105 to 65 euros. The broker still believes that at 53.03 euros the value is too discounted. “The Eurofins share price is down more than 20% since the start of the year, leaving it almost 40% below its median PER of 26 between 2013 and 2019,” underlines the intermediary. Eurofins currently trades on a P/E of 16.6.
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