Allegro.EU SA Ordinary Shares
ALE: XWAR (POL)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
PLN 85.10 | Zkpy | Mxptqdzp |
Allegro Earnings: International Losses Weigh on Stock but Prospects Remain Alluring; Shares Cheap
We're lowering our fair value estimate for wide-moat Allegro to PLN 34 from PLN 37 after digesting third-quarter results, with solid figures in Poland outweighed by sluggish progress in the firm's international markets. Our revision is consistent with the market's reaction, which sent shares spiraling 7%-8% intraday.