First Berlin Equity Research Reiterates Buy on Verve Group SE With €4.50 Price Target
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First Berlin Equity Research has reiterated its Buy recommendation for Verve Group SE, setting a 12-month price target of €4.50. Analyst Ellis Acklin noted the successful placement of a €50 million senior unsecured bond, increasing total outstanding bonds to €550 million. The new notes, issued at a floating rate of 3-month Euribor plus 4.97%, will enhance the company's liquidity and financial flexibility, supporting growth initiatives. The report indicates that recent balance sheet pressures are temporary and do not reflect a decline in the company's business momentum.
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