Barclays Not Suprised if Elster Group SE (ELT) on The Chopping Block
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Price: $20.54 --0%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade ELT Now!
Barclays maintains an 'Overweight' on Elster Group SE (NYSE: ELT) price target of $18.00.
Analyst, Amir Rozwadowski, said, "Overall, CVC's potential desire to seek a suitor for Elster is not wholly surprising given ongoing metering consolidation. While we won't speculate on the firm's potential motivation, we would consider ELT an attractive asset given 1) its share position which should rise in the coming years, 2) longer-term cash flow dynamics, and 3) its potential opportunity ahead of a meaningful international upgrade cycle."
NOTE - The WSJ reported that CVC Capital, which owns over 60% of ELT, was looking to put the company up for sale. They mentioned several suitors, but Siemens (NYSE: SI), ABB (NYSE: ABB) and private equity firms seem to standout.
For an analyst ratings summary and ratings history on Elster Group SE click here. For more ratings news on Elster Group SE click here.
Shares of Elster Group SE closed at $15.30 yesterday, with a 52 week range of $11.52-$17.74.
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Analyst, Amir Rozwadowski, said, "Overall, CVC's potential desire to seek a suitor for Elster is not wholly surprising given ongoing metering consolidation. While we won't speculate on the firm's potential motivation, we would consider ELT an attractive asset given 1) its share position which should rise in the coming years, 2) longer-term cash flow dynamics, and 3) its potential opportunity ahead of a meaningful international upgrade cycle."
NOTE - The WSJ reported that CVC Capital, which owns over 60% of ELT, was looking to put the company up for sale. They mentioned several suitors, but Siemens (NYSE: SI), ABB (NYSE: ABB) and private equity firms seem to standout.
For an analyst ratings summary and ratings history on Elster Group SE click here. For more ratings news on Elster Group SE click here.
Shares of Elster Group SE closed at $15.30 yesterday, with a 52 week range of $11.52-$17.74.
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