Cairo – Mubasher: MubasherTrade has set a one-year price target (PT) of Cairo for Investment and Real Estate Development (CIRA) at EGP 16.59 per share based on a 10-year discounted cash flow (DCF) valuation model with a Buy-Low Risk rating.

“The mentioned fair value implies a potential capital gain of 25.2% above the current market price of EGP 13.25/share,” the research firm said.

The company, a growth and income stock, is forecast to generate earnings that might beat expectations in the coming years.

“CIRA may be able to acquire additional market share and to boost top and bottom lines without the traditional restriction of having to inject further capital expenditure.”

During the nine-month period ended 31 May, the company reported net profits of EGP 330.4 million, up from EGP 231.56 million in the year-ago period.