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Gigaset AG receives positive buy rating with target price of 0.68 euros

26. August 2020 Published by Raphael Doerr

Gigaset AG has received a positive buy rating from Quirin Privatbank AG. The price target of 0.68 euro should be of particular interest for interested investors. Compared to the current price of 0.24 euro, this represents an increase of 183%.

Gigaset AG

Gigaset AG (ISIN: DE0005156004), Bocholt, is an internationally operating holding company in the telecommunications sector. Gigaset Communications GmbH is the 100% subsidiary of Gigaset AG and is Europe’s market leader in DECT cordless phones and is also a leading international player with approximately 900 employees and sales activities in about 50 countries. The business activities of Gigaset Communications GmbH also include smartphones, smart home and business telephony solutions for small, medium-sized and enterprise customers.

More Visibility

Shortly after his appointment as CFO of Gigaset AG, Thomas Schuchardt set a clear course for the future. Gigaset AG is to gradually become more visible on the capital market again. To this end, a multi-stage plan has been drawn up that foresees various measures that have been implemented since the beginning of 2020.

“The Corona pandemic has affected us not only – like millions of others – on an economic level, but also on a planning level. We would have liked to have attended more events and been even more present for the dialogue with the financial community. That was not possible. That is why I am all the more pleased that the first research prepared by Quirin Bank AG for Gigaset AG shows such a positive price target.”

Innovative strength as motor

Above all, the Quirin Bank AG sees the innovative power of the company and the potential of the growth areas smartphones, smart home and professional as great potential for the company. An 183% increase in the share price valuation thus also corrects the actual market value of the company. While Gigaset AG currently has a market capitalization of around EUR 31 million, the company’s value is around EUR 90 million with a target price of EUR 0.68.

“We have always made it clear that Gigaset AG’s current share price does not represent the intrinsic value of the share,” this initial, external evaluation now makes this clear,” Schuchardt continues. “We will continue to work on creating more transparency with the capital market and to make the company’s true potential visible.”

The Research Download

You can download the complete research document from the Quirin Privatbank AG here.

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