The share price of ForFarmers is again under heavy pressure. Investors are concerned about the company's revenue model as purchase prices for raw materials and energy rise at a record pace.
At the presentation, ForFarmers warned that the financial results would continue to be under considerable pressure in the first half of 2022 due to the high costs of purchasing raw materials and energy. However, this warning was already noted before the Russian invasion of Ukraine. As commodity and energy prices continue to skyrocket, analysts fear the company will face even more trouble.
Price target ForFarmers at Kepler Cheuvreux to €2,30
Market researcher and asset manager Kepler Cheuvreux has revised its investment advice for the ForFarmers share negatively. The financial services provider now uses a sell recommendation with a price target of €2,30. It was also announced this week that asset manager Kempen Capital Management has significantly reduced its stake in the cattle feed giant. Kempen reduced its interest from 3% to 3% in the period from 4,98 January to 2,89 March. Last year, pension fund APG also largely reduced its interest in the Lochem company. At its peak, APG owned about 10% of the shares.
On the Amsterdam stock exchange, the ForFarmers share was more than 16.00% lower around 8 p.m. at a price of approximately €3,25. At its peak in the summer of 2018, the stock traded for nearly $12,00.
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