Plastic Omnium: Stifel raises target price
(CercleFinance.com) - The broker Stifel has increased its EPS estimates for Plastic Omnium for 2021 and 2022 by an average of 19%, which has resulted in it increasing its target price for the share to 29 euros, compared to 23.
5 euros previously (current price: 29.8 euros).
The analyst reports that, "The group hosted a concise 'tech day' to detail its Hydrogen/Fuel Cell roadmap which it expects to add E300m to group revenues in 2025 and E3bn in 2030".
As its target price is close to the share's current price, the analyst maintains a "hold" rating on the share.
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