"Magnit" shares might grow by 25%
The stock exchange experts forecast good prospects to "Magnit" regarding the growth of securities.
Vadim Bit-Avragim, Senior Portfolio Manager of the Managing Company "CapitalЪ", deems that in 2018 the consumer sector will demonstrate an advancing overall growth dynamics. According to the expert, it will occur due to the Russian salary increases, as reported by RBC agency.
Apart from this, Bit-Avragim spoke out about "Magnit" shares. "I rely on the shares of "Magnit" – investors contributed negatively to the current prices", - emphasized he.
Other experts are confident that the reduction in the value of retailer’s shares following Q III report is an exaggerated reaction and the outcome of 2017 will appear to exceed the expectations. They believe that "Magnit" shares have a growth potential for 25-30%.
In the past "Magnit" raised 43.9 billion rubles as a result of selling its shares.