Accueil > Actualité
Actualite financiere : Actualite bourse

Vinci: Berenberg begins tracking as a buyer

( - Berenberg has begun to cover Vinci shares today, with a buy rating and target price of 105 euros, praising the French construction and concessions group's "solid assets".

In a report, the broker justifies its favourable opinion by: (1) the company's defensive profile, which it believes protects it from inflationary pressures, and (2) its intelligence in terms of capital allocation, which has enabled it to generate an "impressive" ROCE of 9% over 2011-2019.

Berenberg also points out that its motorway infrastructure operations division (around 50% of operating profit) provides significant resilience for its cash flow.

The analyst also explains that it sees upside potential in airport hubs and it appreciates the company's strategic focus on its construction business.

Copyright (c) 2022 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.