On Tuesday, Deutsche Bank maintained a Hold rating on Essity AB (ESSITYB:SS) (OTC: ESSYY) stock, while increasing the price target to SEK270.00, up from the previous SEK250.00.
This adjustment reflects a positive outlook following the company’s recent financial performance, which surpassed expectations, and its effective pricing strategy.
Essity AB, a leading hygiene and health company, has shown resilience amid market challenges, with its stock rising 5% year-to-date (YTD). This performance stands out against the MSCI Europe Staples index, which has remained flat over the same period. The stock’s current valuation places it in the mid-range when compared to its peers in the sector based on price-to-earnings (PE) ratio.
The firm’s adept handling of cost of goods sold (COGS) volatility has been noted as a testament to its strong management. Despite this, there are ongoing concerns…
