Beneteau: Berenberg raises target price

(CercleFinance.com) - On Tuesday Berenberg raised its target price for Beneteau shares from 19 euros to 21 euros, maintaining its buy rating on the stock.


In a report, the analyst says that, at the Paris boat show last week it expressed its confidence ahead of 2023.

In particular, the group says that it is looking for double-digit growth in sales, as well as a continued improvement in its profitability by 2025.

Confident regarding management, the broker has raised its earnings estimates for the group accordingly.


Copyright (c) 2022 CercleFinance.com. 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.