Target price increased to HUF 225 and buy recommendation for AutoWallis shares

MBH Investment Bank has updated its analysis for AutoWallis Plc. shares, continuing to recommend AutoWallis shares for buy with a HUF 225 target price (12 months). MBH Investment Bank began following AutoWallis shares in September 2024 with a HUF 223 12-month target price and a Buy recommendation. All three of the analysts following the AutoWallis Group recently updated their analysis of the group of companies representing 27 brands in 16 countries in the region: Concorde Securities Zrt. raised its 12-month target price for the shares of the Hungarian stock exchange car company from HUF 230 to HUF 235, while OTP Bank raised its 12-month target price for the shares of the Hungarian stock exchange car company from HUF 180 to HUF 210. The analysts published their updated analysis after the region’s leading integrated car sales and mobility service provider published its 2024 results, according to which it increased its sales revenue by 9 percent to HUF 398 billion last year with an EBITDA of HUF 20.2 billion, thus AutoWallis reported figures that met or exceeded analyst expectations.