Analysts: Van De Velde on steam for record sales

Quite high dividend Van De Velde

Based on the recent analyst estimates Van De Velde now has one of the highest dividend returns of the Belgian stock exchange.

The consensus of the dividend per share is at 3,75 euros. The dividend yield consequently equals 5,96 percent. The average dividend of the personal goods company equals 1,58 percent.

For this year most of the analyst expect a total sales of 211 million euros. The expectations would mean a record revenue for the company. This is slightly more than the 2015's revenue of 208,96 million euros.

Historical revenues and results Van De Velde plus taxations 2016

fundamental research

The analysts estimate for 2016 a net profit of 40 million euros. For the current year the consensus of the result per share is a profit of 2,98 euros. Based on the analyst's expectations the price/earnings-ratio is 21,11.

Most recent target prices around 65 euros

Van De Velde is being covered by 2 analysts (only based on fundamental analysis). The average target price for the stock is at 68 euros. This is around 8 percent more than the current stock price of 62,9 euros. The three most recent recommendations for Belgian were provided by DeGroof Petercam (hold, 70,00 euros), KBC Securities (hold, 66,00 euros) and Petercam (buy, 59,00 euros).

Based on the number of outstanding shares Van De Velde 's market capitalization equals 837,98 million euros.

At 17.16 the stock traded at 0,06 percent higher at 62,9 euros. News Wire & Equity Research: +31 084-0032-842

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