Analysts Give Pfleiderer 'Buy' Rating
Munich, Germany, Dec. 30, 2008--Analysts at EURO am Sonntag recommend buying the shares of Pfleiderer as a long term investment.
Share price appreciation of up to 11.3% before Christmas put Pfleiderer's shareholders in a good mood. Share price improvement was caused by stock purchases from Pfleiderer's management.
According to a company statement, Pfleiderer's management intends to buy back shares equaling about 1.6% of all outstanding shares, via a specially founded corporation. The group intends to hold these shares for four years.