B&S Group has achieved a lower operating result (EBITDA) than expected. However, this is mainly due to problems in Asia such as the trade war between the United States and China and the ongoing protests in Hong Kong. The results are encouraging, according to analysts at ING.
They also point to the expectation of the B&S board that the consequences of the outbreak of the new corona virus will not be too bad. Nevertheless, ING analysts are counting on a fall because algorithms respond to the lower EBITDA than what analysts expected.
ING has a buy recommendation for B&S with a price target of 20.50 euros. The B&S share was 6.3 percent lower at 8.43 euros on Monday around 10.30 am.