Deutsche Bank Starts Nord Anglia Education (NORD) at Buy

Deutsche Bank initiated coverage on Nord Anglia Education (NYSE: NORD) with a Buy rating and a price target of $23.00.

Analyst Paul Ginocchio said, "Nord Anglia Education (NAE) has an immense growth opportunity ahead of it in the global private K-12 education market, and the biggest challenge for management will most likely be prioritizing their many options. Revenue growth of 15% to 20% annually will be driven by above inflation pricing, campus expansions, new greenfield campuses, and acquisitions. NAE’s relatively high trading multiples are more than supported by its growth, lack of cyclicality and revenue visibility, which is why we rate it a Buy."

For an analyst ratings summary and ratings history on Nord Anglia Education click here. For more ratings news on Nord Anglia Education click here.

Shares of Nord Anglia Education closed at $19.81 yesterday.

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