DGAP-News: KTG Energie AG: Analysts increase share
Post# of 301275
DGAP-News: KTG Energie AG / Key word(s): Research Update KTG Energie AG: Analysts increase share price targets 17.06.2015 / 11:46 --------------------------------------------------------------------- KTG Energie AG: Analysts increase share price targets - Buy recommendations confirmed after acquisition - Price targets between EUR16 and EUR19 Hamburg, June 17, 2015 - The largest acquisition in the history of KTG Energie AG (ISIN: DE000A0HNG53) of three biogas sites with a total capacity of 7.5 MW has had a positive effects on analysts' studies - GBC, as well as WGZ and Edison have increased their price targets for the KTG Energie AG share. While WGZ is now expressing a price target of EUR16 (previously EUR15.40) and like GBC has confirmed the buy recommendation (price target of EUR17), Edison is forecasting a target mark of EUR19 (previously EUR17). The studies can be viewed on KTG's website. "In their research, the analysts have taken into account both the additional added value potential and the synergy effects to be expected. Over the last three years, we have been successful in reducing the expenses ratio year after year and expanding our operative margin", says Dr. Thomas Berger, CEO of KTG Energie AG. About KTG Energie AG KTG Energie AG is committed to an integrated, sustainable business model, in which the production of renewable raw materials does not compete with the production of foodstuffs. At the end of July 2014, KTG Energie AG, with 79 employees, was operating biogas plants with a total capacity of over 60 MW, which both feed processed biogas directly into the national gas grid as well as use biogas for power production. From fiscal year 2015/2016, this will result in a secured sales base of EUR90 million and an EBITDA base of between EUR28 and EUR29 million. Contact Investor Relations / Presse Tobias M. Weitzel BSK Becker+Schreiner Kommunikation GmbH Phone: +49 2154-8122 16 E-mail: weitzel@kommunikation-bsk.de --------------------------------------------------------------------- 17.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: KTG Energie AG Ferdinandstr. 12 20095 Hamburg Germany Phone: +49 40 76755372 Fax: +49 40 76755374 E-mail: info@ktg-energie.de Internet: www.ktg-energie.de ISIN: DE000A0HNG53, DE000A1ML257, WKN: A0HNG5, A1ML25 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt End of News DGAP News-Service --------------------------------------------------------------------- 369211 17.06.2015