Wienerberger (WBAG:WIE) Could Be 28% Undervalued As Jefferies Flags Debt Review

Jefferies has kicked off coverage of Wienerberger (WBAG:WIE) with a hold rating and a cautious stance, putting the interim CEO’s ongoing review of debt, Italcer assets, and dividends firmly in focus. The share price reaction has been muted in the very short term, with a 1-day share price return of 1.9% and a 7-day gain of 0.45%. However, Wienerberger’s momentum has been fading, given the 30-day share price decline of 11.53%, a year-to-date drop of 48.44%, and a 1-year total shareholder return...