Cheffelo AB (publ)’s (STO:CHEF) Price Is Right But Growth Is Lacking After Shares Rocket 28%
Cheffelo AB (publ) (STO:CHEF) shares have continued their recent momentum with a 28% gain in the last month alone. The last month tops off a massive increase of 163% in the last year.
Even after such a large jump in price, Cheffelo may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 20x, since almost half of all companies in Sweden have P/E ratios greater than 23x and even P/E’s higher than 38x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
Recent times have been advantageous for Cheffelo as…
