Brussels firmly in the green
(ABM FN) The Brussels stock market continued to rise on Tuesday afternoon. At around two o’clock, the Bel20 rose 0.9 percent to 3,674.36 points.
In the main index, KBC leads the way with a price gain of 3.7 percent, followed by Colruyt with an increase of 3.2 percent.
KBC Securities raised the advice for VGP, from Accumulate to Buy, after the target price was lowered, from 255 to 215 euros. The share is 0.8 percent.
Elijah 1.3 percent.
In the BelMid, Agfa flies no less than 8.6 percent higher. The company has announced the sale of the division Offset Solutions to Aurelius for 92 million euros. Degroof Petercam raised the advice for Agfa to Buy, with a new price target of 5.00 euros.
IBA also added a nice 5.5 percent. The Belgian proton specialist sold a Cyclone IKON in China. Good news, according to ING. Tomorrow the company will report half-year figures and ING expects turnover and profit.
Degroof Petercam slightly lowered the price target for Mithra, after a downward revision of the sales figures for Estelle. The stock nevertheless gains 1.4 percent.
Berenberg lowered the price target for Recticel, but maintained the buy recommendation. The feed capacity is 1.0 percent.
Kepler Cheuvreux and ING have lowered their price targets as the recovery is slightly slower than expected. According to ING, Kinepolis will be back at 70 percent of the number of visitors before the corona crisis by 2022, and by 2023 this will be 80 percent. ING previously assumed 77 and 88 percent. Nevertheless, the analysts of ING and Degroof continue to find the share worth buying. The bitter Tuesday 2.0 percent.
Among the smaller shares, Unifiedpost gained 2.8 percent, while Accentis lost 12.4 percent. It came out with half-year figures yesterday, confirming that profits fell as a result of divestments. Accentis expects a total gross rental income of 6.72 million euros for 2022.
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