The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.: Positive Research Follows MOTOR OIL Solid 2004 Earnings

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.: Positive Research Follows MOTOR OIL Solid 2004 Earnings Two of Greece's top brokers, National Securities and P&K have published updated research reports for ASE listed Motor Oil Hellas (MOH), both maintaining favorable ratings and raising their target price. National Securities published a detailed update report on March 18th. It maintained its Buy rating for the MOH shares and increased its price target to Euro 12.25 from 11.22 Euro. National Securities maintains a positive 2005 outlook for Motor Oil's stock following its strong 2004 results and sustained increased refining margins above historic levels. National Securities also commented on the dividend payout exceeding expectations and slightly adjusted the assumptions in its valuation model which resulted in the higher target price. In its Flash Update Report dated March 7th reviewing 2004 Results, P&K reiterated its Overweight rating for Motor Oil Shares and raised its target price by 1 Euro to 12 Euro. The brokerage firm highlighted Motor Oil's strong 2004 results as well as the increased dividend payout of 0.85 Euro for this year which brings dividend yield at 6.8%. Motor Oil's stock closed at Euro 12.54 on May 4th. Motor Oil's turnover for 2004 amounted to 1.937

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree