Home > Blog > Research > Research Report: Bank of Valletta plc
“We are maintaining our Hold recommendation on the shares of BOV with a 12-month price target of €1.16. The bank’s shares have continued their downward trajectory in 2019, fuelled by the uncertainty surrounding the litigation cases, the lack of dividend distribution, the uncertainty concerning the bank’s transformation programme and the bank’s profit warning following the announced de-risking exercise across many of the bank’s revenue centres. Despite this, we believe that at current levels the market has factored in all the known headwinds being faced by the bank. We are cognisant of the real risk of further provisions as well as the failure to be in a position to distribute a dividend to shareholders in the near future. This could create continued downward pressure on the share price in the short term, countered by the value argument, as demand for the typically stable dividend paying stock remains mixed. We expect equity holders who have a medium to long term investm

Disclaimer

The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website.

Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.