NTR shares expected to hit €17-plus

THE three stockbroking firms which yesterday expanded the grey market in shares of unlisted NTR all rate the shares at buy at €13 and expect them to hit €17-plus over the next 12 months.

NTR, whose interests cover toll roads, integrated waste management, water/wastewater treatment, renewable energy and broadband telecommunications, yesterday announced a new initiative “to improve visibility and transparency in the trading of the company’s shares.”

Up to now Davy Stockbrokers, the company’s lead broker were the sole operators of the grey market in NTR shares, but yesterday, they were joined by Goodbody Stockbrokers and NCB Stockbrokers. Goodbody and NCB analysts also initiated research coverage of NTR, and all three brooking houses issued notes to clients recommending NTR shares as a buy with a prospective 30%-plus upside over the next 12 months.