TUR: Time to Invest in Turkey?
With Price/Earnings of 9.3 Turkey is may be seen as good 'value' ...just ignore the other things like the impact of a failed coup, a weakening currency and a retreat by investors unnerved by political instability.
That said, the market is buying, with MSCI Turkey up 11% this year, and testing its upper side of the trend channel. At $37 its looking to break, and a price target of $42.5 to $46 looks achievable.
That said, the market is buying, with MSCI Turkey up 11% this year, and testing its upper side of the trend channel. At $37 its looking to break, and a price target of $42.5 to $46 looks achievable.
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