PORR SHARE: HSBC Global Research initiates PORR coverage

The analysts of HSBC Global Research, one of the world’s leading financial institutes, have begun to cover PORR AG with a buy recommendation and a target price of EUR 32

Vienna, 22 July 2015 – PORR has recently completed a successful reorganisation process spanning sev-eral years and positioned itself as a pure player in the construction industry with the spinoff of its real estate business. In addition, the intelligent growth strategy – concentrating on the home markets – has paid off and is reflected in the strong financials. This strategic course has also been well-received in the first analysis by HSBC, who gave a buy recommendation with a target price of EUR 32.
 
“The start of coverage through another internationally renowned institute like HSBC marks a further mile-stone in our declared target of increasing the visibility and appeal of PORR shares on the capital market”, said Christian Maier, PORR CFO. “We are clearly committed to the capital market, as you can see clearly in the consistent implementation of our strategy”. Now there are eight research institutes covering und ana-lysing PORR shares on a regular base.