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KBC lifts D'Ieteren target to EUR 300.

(ADPnews) - Sep 9, 2009 - KBC Securities upped today the 12-month share price target for Belgian car retailer D'Ieteren NV/SA (EBR:DIE) to EUR 300 from EUR 250, keeping a "buy" rating on the stock.

Based on the current share price, the price-to-earnings ratio and dividend yield for 2009 were estimated at 8.40 and 1.30%, respectively. This year's earnings per share (EPS) are seen at EUR 27.88 (USD 40.42).

Analyst Pascale Weber considers the company well placed and reckons with a modest growth in pre-tax profit for 2009.

D'Ieteren itself projected a decline of 0-5%.

Shares in the company had gone up 0.04% to EUR 235.10 by 1152 CET in Brussels today.

(EUR 1.0 = USD 1.449)

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Publication:ADP News Belgium
Date:Sep 9, 2009
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