preferable Clear was Nemetschek whose shares HSBC recorded with “Buy” and a target price of 53 euros. The papers on Thursday won 1.6 percent to 46 euros. The papers of RIB Software, however, kept a decline of 2.1 percent to 9.61 euros, the red lantern on the TecDAX. HSBC them classified with “Reduce” a, with a price target of 6.90 euros.
For Nemetschek speak, that the company is an established specialist in architectural and engineering software with increasing market shares. The company have to show more stable finances and be more transparent in its communication with the capital markets.
RIB Software Experts, however, are not set to positive. The company had revenue terms too dependent on large construction groups, unlike Nemetschek, which could graze the “mass market” self-employed architect. Although it is welcome that the management of RIB Software have spoken out against purchases at any price. However, a worsening operating business show the urgent need to change something. Cash in the amount of 174 million euros, 40 percent of market capitalization, waiting to be spent.
Reuters
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