The target price for Krka stock is 89.5 euro ($123.8) per share, Erste Bank said in a statement. Krka shares were trading 0.63% up at 64.4 euro by 1244 GMT on Wednesday.
Based on preliminary data, Krka’s 2010 consolidated sales growth accelerated to 6.0% year-on-year to surpass the 1.0 billion euro mark for the first time in its history, the statement added.
Furthermore, the company indicated that, excluding one-offs from the comparative base, its net profit is anticipated to post sound double-digit annual growth to more than 165 million euro, beating the original guidance of 159 million…