Vinci: Jefferies still a buyer after roadshow
(CercleFinance.com) - Jefferies maintains its "buy" rating on Vinci shares, along with its target price of E130, following a roadshow with the French construction and concessions group's management which was particularly aimed at US and Canadian investors.
"The company is exposed to the structural growth trends of the energy transition and consumer mobility, and we continue to see the portfolio as well placed", the broker believes.
"On long-term leverage lows, and a 2024e valuation of 8% FCF yield and 7x EV/EBITDA, the shares screen as attractive," it adds in its summary.
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