Zooplus: Liberum still a buyer - likes group performance
(CercleFinance.com) - On Tuesday a Liberum analyst confirms his "Buy" recommendation on the stock of German online petfood retailer, Zooplus, with a target price of 200 euros (33% upside).
"Zooplus has been a strong beneficiary from the changing consumer habits brought about by COVID-19. Improved customer loyalty, higher margins from more own label products and efficiency in logistics and marketing have all brought about a very strong H1, with FCF of EUR29.6m vs. FCF of EUR6.9m H1'19," the broker says.
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