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Aid's approval is still undecided by the Commission

Stock prices for Envipco reach new peaks in anticipation of Capital Market Day; Analysts express optimism, while the UK mulls over deposit scheme plans.

Aid decision pending at the Commission
Aid decision pending at the Commission

Aid's approval is still undecided by the Commission

In the world of business, September 9 is shaping up to be a significant day for Envipco. The Norwegian company has announced that it will be hosting its capital markets day in Oslo.

The upcoming event has sparked interest among analysts, with several maintaining a positive outlook on Envipco's stock. Fabian Jørgensen of Pareto Securities, for instance, has a 'buy' rating on Envipco's stock, with a price target of 120 Norwegian Kroner. Eva Viken Christensen from Clarksons Securities also holds a 'buy' recommendation, with a price target of 90 Kroner. Danske Bank analyst Elliott Jones has raised his price target for Envipco's stock to 115 Kroner, also maintaining a 'buy' rating.

The investment story of Envipco remains highly interesting, particularly in the context of the UK's upcoming deposit return system. Scheduled to be introduced in October 2027, the system is expected to require the building of numerous deposit machines. This could potentially benefit companies like Envipco and Tomra, a well-known competitor in the recycling industry.

Envipco's stock has already shown strong growth, with a nearly 170% increase since the recommendation. The share price of Envipco has even reached a new record high, suggesting a clear buy signal for investors.

John Bason, a seasoned executive with experience at AB Foods, United Biscuits, Bunzl, Compass Group, and now the chairman of the food distribution charity FareShare, has also been appointed as the chairman of the UK's Deposit Management Organisation. This appointment could further strengthen Envipco's position in the market.

If Envipco can successfully convince investors during next week's capital markets day, the stock could surge into double-digit Euro price territory. The Aktien-Report, in its end-of-year 2022 edition, even recommended the purchase of Envipco (WKN: A3CSM9) at a price of just 3.00 Euro.

While no prior context was provided, it's clear that Envipco's capital markets day is an event not to be missed for investors interested in the recycling and waste management sector. The UK's moves towards the introduction of a deposit return system, coupled with Envipco's strong performance, make the company an attractive investment opportunity.

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