9 stories mentioning DFM:TALABATUpdated 2d ago
Every FINWIRES story that references DFM:TALABAT, newest first.
CI Capital on Tuesday lowered the price target for online food delivery company Talabat (DFM:TALABAT) to 1.73 Emirati dirhams from 1.88 dirhams, while maintaining its overweight rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Citi on Wednesday reduced the price target for online food delivery company Talabat (DFM:TALABAT) to 1.45 Emirati dirhams from 1.50 dirhams, while keeping its buy rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Barclays on Tuesday raised the price target for online food delivery company Talabat (DFM:TALABAT) to 1.60 Emirati dirhams from 1.40 dirhams, while keeping its overweight rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
United Arab Emirates indices struggled to find direction on Friday as markets weighed the renewed exchange of strikes between the US and Iran, which entered its sixth consecutive day.At the close of trading, the FTSE ADX General Index was somewhat muted but 0.003% in the green, while the DFM General Index fell 1.391%.The US Central Command launched another wave of strikes on Iranian air defenses and military logistics infrastructure on Thursday. Iran retaliated by attacking US bases in the Gulf and launching its first direct strikes on a special operations command center in Syria.Meanwhile, oil prices continue to trade higher as maritime traffic in the Strait of Hormuz remains largely halted due to the resumption of attacks and blockade of Iranian ports by the US."Our commodity strategists argue that crude oil supplies are sufficient to withstand a few weeks, if not months, of skirmishes in the Strait of Hormuz. Yet, if tensions do not abate, they estimate the oil price could nonetheless rise back above $100/bbl. They note that refined-product inventories are more depleted than those for crude, resulting in elevated crack spreads. This implies that the risk of a squeeze from energy prices is higher than a narrow focus on the crude oil market would suggest," BofA Global Research said in a note.Turning to the region's corporate side, shares of Burjeel Holdings (ADX:BURJEEL) closed the session 2.89% higher. The healthcare company's Burjeel Medical City facility partnered with the US's Roswell Park Comprehensive Cancer Center to develop a specialized thoracic surgery program in Abu Dhabi.Dubai-listed Talabat (DFM:TALABAT) returned to trading following a trading suspension due to the release of material information. Shares of the online food delivery company were 0.84% in the red at the time of trading's close.
Citi on Friday raised online food delivery company Talabat (DFM:TALABAT) to buy from neutral and increased its price target to 1.50 Emirati dirhams from 0.93 dirham.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Stocks in the United Arab Emirates ended lower as investors dissected the latest earnings reports from the region to assess the impact of ongoing geopolitical tensions on the companies' profits.At the close of Tuesday trading, the FTSE ADX General Index lost 0.905%, while the DFM General Index shed 0.641%.Adnoc Gas (ADX:ADNOCGAS), Lulu Retail (ADX:LULU), and Abu Dhabi Aviation (ADX:ADAVIATION) all recorded lower first-quarter attributable profits. Stocks of Adnoc Gas and Lulu Retail closed the session 2.96% and 3.30% in the red, respectively, while Abu Dhabi Aviation gained 0.58%.Over to Dubai, Deyaar Development (DFM:DEYAAR) and Talabat's (DFM:TALABAT) attributable profits for the period also dropped year over year. Deyaar Development shed 1.10%, while Talabat lost 1% at the close of trading.Conversely, Dubai Electricity and Water Authority (DFM:DEWA), d/b/a Dewa, logged a higher attributable profit for the quarter and an 8.18% year-over-year growth in revenue. Its shares closed 2.96% in the green."DEWA delivered an exceptional start to 2026, achieving its highest-ever first-quarter revenue, EBITDA, operating profit and net profit. Consolidated net profit for the first quarter increased by nearly 90% compared with the same period last year, while clean energy accounted for 18.5% of total power generated during the quarter. We had a record quarterly revenue of AED 6.45 billion, EBITDA of AED 2.88 billion, operating profit of AED 1.29 billion and net profit of AED 0.94 billion," Dewa's Chief Executive Officer Saeed Mohammed Al Tayer commented.Across the pond, US President Donald Trump is set to meet his Chinese counterpart, Xi Jinping, this week. The two leaders are expected to discuss tensions over Iran, Taiwan, nuclear weapons, and artificial intelligence."President Trump warned the ceasefire with Iran is 'on life support' after Tehran's counterproposal. Brent crude is trading around USD105/bbl this morning, extending gains from yesterday's session. Trump is reportedly meeting his national security team to consider next steps, including a possible resumption of military action and a renewed naval mission in the Strait of Hormuz. The conflict is also likely to be on the agenda when he meets President Xi Jinping this week," Danske Bank said.
Cantor Fitzgerald on Thursday reduced the price target for online food delivery platform Talabat (DFM:TALABAT) to 1.26 Emirati dirhams from 1.70 dirhams and kept its rating at overweight.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Citi on Tuesday increased its price target for online food delivery company Talabat Holding (DFM:TALABAT) to .90 Emirati dirhams from .82 dirhams while maintaining its neutral rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Jefferies on Tuesday reduced its price target for online food delivery company Talabat Holding (DFM:TALABAT) to 1.30 Emirati dirhams from 1.80 dirhams, while maintaining its buy rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
