Erdemir Ereğli Iron and Steel Works Inc. (EREGL) stocks have been a focal point for investors at the Istanbul Stock Exchange, exhibiting fluctuations in recent periods. After the financial results for the second quarter of 2024, 11 different brokerage firms updated their target prices for Erdemir shares.
## Will Erdemir’s Target Price Soar in 2025?
The Rota Borsa platform, which closely follows news about publicly traded companies, compiled the target prices announced following Erdemir’s second quarter 2024 financial report. The report considered data from 11 brokerage firms that published reports or updated previous target prices after the financial statement. Institutions that announced target prices before the financial results but did not provide updates afterward were excluded from the analysis.
## Average Target Price of 58.23 TL for Erdemir from 11 Institutions
The target prices announced by 11 brokerage firms after Erdemir’s second quarter financial results were highly anticipated by investors. The lowest target price recorded was 38 TL, while the highest reached 66.84 TL. The average target price among these 11 institutions was determined to be 58.23 TL, indicating a potential premium of 16.12% based on the stock’s last closing price.
It is important to remember that the target prices announced for Erdemir stocks may change depending on the company’s future performance and market conditions. Investors are advised to make informed decisions, considering their own risk tolerance and investment goals.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
