The new target price is 19% higher from Transgaz’s latest market price of RON198.5 a share.
Transgaz is 73.5%-owned by the Economy Ministry, while investment fund Fondul Proprietatea (FP.RO) has almost 15% of its shares. (EUR1=RON4.2402)
Energy
Raiffeisen Cuts Transgaz's Target Price To RON237/Share
Raiffeisen Capital&Investment Monday cut by 5% to 237 lei (EUR55.9) a share its 12-month target price on Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO), while keeping its recommendation unchanged at ‘hold’.