Accueil > Actualité
Actualite financiere : Actualite bourse

Richemont: Oddo raises target price

( - Oddo has said that Richemont's sales are 5% above the consensus, driven by sales for its Jewellery division, this time posting double-digit growth of 14%.

However, following this announcement, Oddo confirms its "Reduce" rating on the stock, while raising its target price to 68 Swiss francs (from 64 Swiss francs - current price: pretty flat at 86 Swiss francs).

We are well above the consensus, which expected growth to pretty much in line with fiscal Q2, the analyst said.

Jewellery was the star category over the end-of-year festivities, particularly in Europe (as well as Asia and the Middle East) where the Cartier brand is clearly established, Oddo adds.

The analyst believes that the restrictions on shop openings in Europe will be at least as bad as in Q4, and we are not immune to more visible closures elsewhere (USA, Asia). As such, conditions for H1 as a whole remain uncertain.

Copyright (c) 2021 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.