Cairo – Mubasher: MubasherTrade Research (MTRe) on Thursday said it adjusted its price target (PT) for MB Engineering to EGP 1.82 per share from EGP 5.45 per share to account for the stock dividends.
MB Engineering distributed two bonus shares for each original share, bring the total paid in capital to EGP 33 million after distributing 66 million shares, MTRe said in a note.
"We reiterate our Buy/High risk rating," the research firm added.
