Mubasher: Qatar National Bank’s (QNB) research unit increased the price target (PT) of Qatar Gas Transport Company’s (Nakilat) stock by 7.7% to QAR 28 from QAR 26.
The price target is 16.62% higher than the stock’s market price of QAR 24.01, according to a research note released on Tuesday.
The company is expected to raise its cash dividends for the fiscal year 2016 to QAR 1.30 per share from QAR 1.25 per share for fiscal 2015. QNB forecasted the company’s profits to rise 9% in 2017 and 2018, the report added.
Nakilat’s stock closed today’s trading with a fall of 0.99% to QAR 24.01.
