“The SIFs’ shares have fallen over the past three months, in line with global stocks, and the news of a decision regarding BCR wasn’t enough to lift investors’ spirits,” the brokerage house said in a report.
Raiffeisen prices SIF Muntenia (SIF4.RO) at 1.16 lei (EUR0.268) a share, down from RON1.29 a share previously, while the target price on SIF Oltenia (SIF5.RO) was set at RON1.83, from RON2.1.
SIF Moldova’s (SIF2.RO) shares are expected to fare up to RON1.61 on a 12-month horizon, while the target prices on SIF Banat-Crisana (SIF1.RO) and SIF Transilvania (SIF3.RO) were set at RON1.65 a share and RON0.87 a share, respectively.