Reports and consensus on 3Q trading update



Bekaert disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other information source provided by Bekaert.

Reports on 3Q trading update

Date Analyst Title Recommendation Target price
09/12/20  ABN Amro  A missed opportunity, modest upside left  Hold  €30.00
04/12/20  Alpha Value Profitability rises faster than top line  Add  €27.40
23/11/20  Degroof Petercam  Margin surprise still not fully priced in Buy  €32.00 
23/11/20  ABN Amro  Strong 3Q20, FY EBIT guidance higher than consensus  Hold  €19.00
20/11/20  KBC  FY Ebit guidance of almost flat is positive surprise  Accumulate  €28.00 
20/11/20  Degroof Petercam  A much stronger than anticipated margin recovery Under review 
17/11/20  KBC  Preview: 3Q revenue forecast to decline 11%  Hold  €25.00
11/11/20  ABN Amro Preview 3Q trading update Hold  €19.00 

Analyst consensus before 3Q 2020 disclosure

in millions of €

2020 third quarter consensus
2020 third quarter consensus for the full year

We received estimates from 6 analysts, including ABN Amro, Degroof Petercam, ING, KBC Securities, Kempen, Kepler Cheuvreux. The last estimate was received on 20 October 2020.