Analysts see limited upside on the KenolKobil #ticker:KENO share in spite of the firm’s rising sales and a higher dividend payout, with concerns its reliance on short-term borrowings that are exposed to exchange rate risk.
Both Dyer & Blair Investment Bank and Genghis Capital have assigned a “hold” recommendation on the stock, meaning that they do not expect its price to swing by more than 15 per cent either way in the short term.
