Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. Julius Bńr Gruppe AG
  6. News
  7. Summary
    BAER   CH0102484968

JULIUS B─R GRUPPE AG

(BAER)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Virus variant threatens to cool oil demand recovery - Reuters poll

07/30/2021 | 07:17am EDT
FILE PHOTO: A petrol station attendant prepares to refuel a car in Rome

(Reuters) - Oil prices will trade near $70 per barrel for the rest of the year supported by the global economic recovery and a slower-than-expected return of Iranian supplies, with further gains limited by new coronavirus variants, a Reuters poll showed on Friday.

The survey of 38 participants forecast Brent would average $68.76 per barrel, up slightly from June's $67.48 estimate. Brent has averaged about $66.57 so far this year.

"The wax and wane of COVID-19 waves will have more of an influence on sentiment rather than supply and demand fundamentals during the rest of the year, as we do not expect politicians to impose hard and broad-based lockdown measures anymore," said Julius Baer analyst Carsten Menke.

"Oil politics will remain another source of volatility, especially if prices do overshoot in summer, which would raise the pressure on producers to react."

Earlier this month the Organization of the Petroleum Exporting Countries and allies like Russia, together known as OPEC+, agreed to increase oil supply by 2 million barrels per day (bpd) from August until December 2021, after prices hit nearly 2-1/2 year highs.

While, analysts were divided over oil's potential to reach $80 per barrel, they agreed the level was not sustainable.

"With rising OPEC+ output, a possible comeback of U.S. production in the second half of 2021 and COVID-19 still threatening to cool down oil demand once again, I think $70 is a more realistic level for oil," LBBW analyst Frank Schallenberger said.

While both OPEC and the International Energy Agency expect demand to reach pre-pandemic levels in 2022, countries in Asia including China are restricting movements again to curb rising COVID-19 cases.

Oil prices are also likely to be supported this year by a delay in the return of "wildcard" Iran's oil supplies, which awaits the lifting of U.S. sanctions.

"Looks likely that Iran will be a 2022 story now, boosting oil market prospects in near term, but possibly dampening the trajectory in 1H-2022," said DBS Bank analyst Suvro Sarkar.

(Reporting by Eileen Soreng in Bengaluru; Editing by Sonali Paul)

By Eileen Soreng


ę Reuters 2021
All news about JULIUS B─R GRUPPE AG
09/24German millionaires rush assets to Switzerland ahead of election
RE
09/17CHINA EVERGRANDE : Nickel nears seven-year high as market frets about supply
RE
09/15JULIUS BÄR GRUPPE : Baer Group Places $320 Million Securities
MT
09/15Julius Baer Group Ltd. places USD Perpetual Tier 1 Subordinated Bonds
DJ
09/14JULIUS BÄR GRUPPE : Bär Consolidates Switzerland Market, Appoints Local Market Head
MT
09/14JULIUS BÄR GRUPPE : Baer announces new organisational structure for market Switzerland
PU
09/14JULIUS BÄR GRUPPE : Emmanuel Debons to become Julius Baer's Geneva Branch Manager
PU
09/14Julius Baer annonce la mise en place d'une nouvelle structure organisationnelle pour le..
DJ
09/14Julius Baer announces new organisational structure for market Switzerland
DJ
09/10CREALOGIX : Signs Julius Baer for Hybrid Digital Platform
MT
More news
Analyst Recommendations on JULIUS B─R GRUPPE AG
More recommendations
Financials
Sales 2021 3 869 M 4 172 M 4 172 M
Net income 2021 1 098 M 1 184 M 1 184 M
Net Debt 2021 5 923 M 6 386 M 6 386 M
P/E ratio 2021 11,7x
Yield 2021 3,40%
Capitalization 12 861 M 13 899 M 13 867 M
EV / Sales 2021 4,85x
EV / Sales 2022 4,72x
Nbr of Employees 6 667
Free-Float 97,0%
Chart JULIUS B─R GRUPPE AG
Duration : Period :
Julius Bńr Gruppe AG Technical Analysis Chart | BAER | CH0102484968 | MarketScreener
Technical analysis trends JULIUS B─R GRUPPE AG
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 60,88 CHF
Average target price 69,55 CHF
Spread / Average Target 14,2%
EPS Revisions
Managers and Directors
Philipp Rickenbacher Chief Executive Officer
Dieter A. Enkelmann Chief Financial Officer
Romeo Lacher Non-Executive Chairman
Nic Dreckmann Chief Operating Officer & Head-Intermediaries
Yves Bonzon Chief Investment Officer
Sector and Competitors