Geberit: Stifel raises its target on the stock

(CercleFinance.com) - Stifel maintains its "hold" rating on Geberit shares, with its target price raised from CHF 480 to CHF 515, pointing to the higher valuation multiples of other reference companies.


The analyst expects sales and EPS for fiscal 2024 to fall by -0%/-1% and -3%/-1% in 2025 respectively.

"We expect a lower EBITDA margin in FY-24 and an improvement thereafter", it says.

The broker nonetheless believes that better momentum in its main markets and/or better-than-expected sales growth thanks to the proceeds of launches and/or growth initiatives, "which could lift our forecasts significantly".

"In the short-term (for Q1-24 and FY-24), however, we expect lower volumes and margins", the broker stresses.


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