Berenberg Bank Forecasts Strong Price Appreciation for Helios Towers (LON:HTWS) Stock

Helios Towers (LON:HTWS) had its target price lifted by equities research analysts at Berenberg Bank from GBX 295 to GBX 310 in a research note issued on Thursday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank‘s target price suggests a potential upside of 38.89% from the company’s current price.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 285 target price on shares of Helios Towers in a report on Thursday, October 29th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 285 target price on shares of Helios Towers in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Helios Towers has a consensus rating of “Buy” and an average price target of GBX 293.33.

Helios Towers Stock Performance

Shares of HTWS stock opened at GBX 223.20 on Thursday. The stock has a market capitalization of £2.26 billion, a PE ratio of 93.00 and a beta of 1.11. The firm has a 50 day moving average of GBX 208.89 and a two-hundred day moving average of GBX 202.61. Helios Towers has a 52 week low of GBX 150 and a 52 week high of GBX 247.60. The company has a quick ratio of 1.97, a current ratio of 1.22 and a debt-to-equity ratio of 5,608.54.

Helios Towers announced that its board has approved a stock repurchase program on Thursday, September 17th that allows the company to buy back £130.86 million in shares. This repurchase authorization allows the company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Helios Towers Company Profile

Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa and the Middle East. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

Helios Towers owns and operates telecommunication tower sites in Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South Africa, Senegal, Madagascar, Malawi and Oman.

Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators.