DT.BETEILIG.AG O.N.

Deutsche Beteiligungs now estimates the net asset value per share at year-end at €32 to €36 instead of €36 to €40, citing higher interest rates, weaker equity market performance and lower sector valuations. The gross valuation and disposal result is expected to be around minus €50 million in the first half after about €20 million in the prior year. The fund advisor sees management as more optimistic and now expects EBITA of €9 to €11 million instead of previously €5 to €9 million. The share price reacted only slightly negatively. » Altro su finanzen.net

Baader Bank reduces its target price for Deutsche Beteiligungs from €41.90 to €30.80 but keeps the buy recommendation. The company largely performed as expected and the outlook appears confident; the bank justifies the cut by using a less optimistic valuation and switching to price-to-book ratio and return on equity. » Altro su de.investing.com