Carmila is up over 1% on positive comments from Invest Securities, which has reaffirmed its 'buy' recommendation and raised its target price from 17.1 to 18 euros, pointing to 'fundamentals that support a healthy dividend over the medium term'.

'The property company's risk/return profile remains very attractive, supported by a corporate governance structure that is attentive to minority shareholders. In addition to its highly accretive share buybacks, the company offers a secure yield of at least 7% over five years", he stresses.

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