DGAP-News: Ekotechnika AG
/ Key word(s): Research Update
Ekotechnika AG: SMC Research starts coverage with Buy Rating
Walldorf, 25 October 2021 - The analysts at SMC Research, who are specialized in small and mid-cap stocks, have initiated the coverage of the Ekotechnika AG share (primary market; ISIN: DE000A161234). In the analysts' report published on Friday, they particularly highlight the attractiveness of the proven business model of the largest distributor of international agricultural machinery in Russia, while pointing out the diverse growth opportunities. In addition, Ekotechnika is strongly positioned with its innovation and quality leadership in a highly competitive market environment and has recorded considerable sales growth in recent years with sustained profitability. The analysts see the backlog demand for modern agricultural technology in one of the world's largest agricultural markets as a growth driver for the Ekotechnika equity story. They also see the prospect of further growth in sales territories in Russia with John Deere as a reliable partner, as well as the high potential of intelligent smart farming solutions to increase sustainability and efficiency in agriculture, as Ekotechnika plays a pioneering role in this high-growth market. Based on their valuation model, the SMC Research analysts recommend the Ekotechnika share as a Buy and assess the initial price target at EUR 39.00.
Press / Investor Relations
25.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Ekotechnika AG |
Johann-Jakob-Astor-Str. 49 | |
69190 Walldorf | |
Germany | |
Phone: | +49 (0) 6227 3 58 59 60 |
E-mail: | info@ekotechnika.de |
Internet: | www.ekotechnika.de |
ISIN: | DE000A161234 |
WKN: | A16123 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich |
EQS News ID: | 1243193 |
End of News | DGAP News Service |
1243193 25.10.2021