ABG Private Banking highlights Beijer Ref as this week’s Top Pick and points to a recovery in organic growth and a higher pace of acquisitions.
ABGSC expects 2 percent organic growth in the third quarter, compared with 1 percent in the second. Five acquisitions have been completed so far this year, and the latest deals are expected to add around 8 percent to sales and earnings on a pro forma basis in total.
EBITA growth of 18 percent is forecast for 2027. The share is valued at just under 17 times forecast EBITA for the same year.
The recommendation on which the Weekly Top Pick is based was first distributed to ABG Sundal Collier’s clients on September 18. The recommendation is Buy with a price target of SEK 170.
