Analysts Recommend to Buy Astarta Shares
OREANDA-NEWS. On 20 May 2008 was announced, that Investment company Renaissance Capital Ukraine has relesed its BUY recommendation for ASTARTA shares with the target price EUR 17.5 per share (current price EUR 14.2; upside 23%). This recommendation is based on the high growth potential of the Ukrainian agriculture. Renaissance Capital believes investors will benefit from investing into Ukrainian agriculture with the land prices going up and agricultural production being profitable.
Investment group Sokrat also recommends to BUY ASTARTA shares. Sokrat analysts see further upside developments due to ASTARTA business diversification and an increase in the share of grain crops in the total revenues, as well as cattle farming. Analysts say, these two highly profitable segments will mitigate the WTO accession risks.