Analysts unanimously give AEDAS Homes a Buy rating and see a potential upside of 81.1%
The average target share price published by the seven firms is €37.50. This implies a potential growth of 81.1 % in the share price, taking into account that the stock closed at 20.70 euros yesterday.
The group of analysts agree that AEDAS Homes has shown steady progress in terms of pre-sales and securing construction permits, as well as the fact that the company has also confirmed its delivery forecasts for the next few years. Sabadell reports that "pre-sales remain solid" (standing at 92% for target deliveries in 2018, 74% for 2019 and 34% for 2020), while Goldman Sachs considers "AEDAS Homes to be on track to meet or exceed management guidance for deliveries for the full year", believing that "this will be taken positively by the market". Along the same lines, Banco Santander has reiterated its buy rating for AEDAS Homes as it sees "several of [its] higher expectations materializing."
The developer has reiterated its delivery guidance as it continues to have excellent visibility on achieving targets set out in its business plan.
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Source: AEDAS Homes S.A.U. via Globenewswire