Goldring sees the OMV Petrom share in the range of 0.78 - 0.82 lei, above the market price
Orientul Mijlociu
The Department of Analysis and Market Strategies of the brokerage house Goldring maintains its price target for the share of OMV Petrom (SNP) in the range of 0.78 - 0.82 lei, estimated in the spring, according to a report published at the end of last week. It is a price of 5.6 - 11% above the Friday quotation of the company's share, of 0.7385 lei. The report shows that OMV Petrom's revenues fell by 11% in the third quarter of the year, compared to the same period last year, to 9.43 billion lei.
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