Accueil > Actualité
Actualite financiere : Actualite bourse

Sodexo: UBS no longer a buyer

(CercleFinance.com) - UBS this morning downgraded its buy rating on the Sodexo share, adopting a "neutral" stance, with analysts saying that "Restructuring progress now priced in.
"
Although nudging up its 12-month target price for the share from 101 euros to 104 euros, this only means limited upside potential.

Admittedly, according to UBS' research note, "Sodexo has continued to show recovery during the first half of the year with organic growth of c3%," expressing its confidence in management's annual targets - both for this fiscal year and over the medium term.

That said, Sodexo is trading at an EV/EBITDA multiple of about 11 times and the stock, which has risen by about 30% in one year, is now close to UBS' target price.


Copyright (c) 2019 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.
 

societes

marches

tendances

 
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.