Analyst Tobias Woerner from Stifel Nicolaus maintained a Buy rating on Wienerberger AG (WBRBF – Research Report) and keeping the price target at €41.00.
Tobias Woerner has given his Buy rating due to a combination of factors including Wienerberger AG’s potential for recovery and its valuation. Despite a challenging year, the company managed to slightly exceed market expectations, indicating resilience and a potential turnaround in performance. The company’s exposure to European and Central and Eastern European markets, along with its involvement in residential construction, positions it well for a rebound once market conditions improve.
Furthermore, Wienerberger AG’s valuation offers a significant margin of safety, given the risks associated with its high leverage. A recovery in volumes, which appears to be on the horizon, could lead to a substantial increase in earnings and value. While risks remain, the company’s ability to deliver and maintain transparency will be crucial in regaining investor confidence, making it a compelling investment opportunity according to Woerner.
According to TipRanks, Woerner is a 5-star analyst with an average return of 23.5% and an 86.30% success rate.