Abu Dhabi-Mubasher: Agthia Group’s investment in Turkey may be affected marginally in case of “full halting production facilities in Turkey”, according to a report issued by MubasherTrade Research late Saturday.
The research unit has downgraded its recommendation on Agthia's stock to ‘Hold/Moderate Risk’ from ‘Buy/Low Risk’, settling the price target at AED 8.33.
“We maintain our estimates pending the release of Q2 2016 results and the details of recent acquired companies,” MubasherTrade Research said.
In 2011, Agthia Group had acquired 100% of the Turkey-based natural spring water company "Pelit Su", which was then re-branded to "Alpin".
