GB Auto's earnings to be affected by weaker pound - (Photo Credit: Arabianeye-Reuters)
GB Corp
GBCO
GBCO
Cairo - Mubasher: Prime Research lowered its fair value for Ghabbour Auto by 8% to EGP 3.33 per share, with a strong “Buy” recommendation.
The company’s profits in 2016 will be affected by the anticipated pound devaluation against the dollar, the research firm said on Sunday.
Ghabbour Auto’s stock ended Sunday’s trading at EGP 2.23, rising 0.45%, with total traded volume reaching 440,500 shares, and a turnover of nearly EGP 983,090.
Source:
Mubasher
