(Boursier.com) — Exail continues its fall with a further slide of 5% to 18.30 euros this Friday, while the Australian government announced the abandonment of its 3rd generation mine warfare program SEA 1905. This stop follows the review of the programs which redefined the equipment priorities of the Australian armed forces to take into account budgetary constraints.
Exail acknowledged this decision and thanked the Australian Government for allowing it to be selected as one of the two best consortia to deliver the project. Exail will remain engaged in Australia to meet the future needs of the country’s armed forces with all of its unique technologies in navigation, sonar and autonomous surface and underwater systems.
Among the analysts’ opinions, TP ICAP Midcap lowered its objective from 27 to 23 euros while remaining ‘buy’, while Portzamparc, which had not integrated this program into its valuation method, also remains a buyer on the file by aiming a course of 27 euros. The ‘deal’ was estimated between 300 and 500 ME…
The stock has just dropped 24% over the last two sessions.
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