HusCompagniet Discount to Peers Is Unwarranted, Carnegie Says, Initiating with Buy

• (PLX AI) - HusCompagniet discount to peers in the Nordic residential development and construction market is not warranted, analysts at Carnegie said, initiating coverage of the stock with a buy recommendation.
• • Price target DKK 110 implies 40% upside
• • Trading at a significant discount to peers, HusCompagniet should appeal to investors looking for strong cash generation and great margin resilience among cyclical small cap names, Carnegie said
• • The company offers an attractive mix of a flexible cost base, a slim balance sheet, a market leading position and best-in-class cash conversion: Carnegie