Accueil > Actualité
Actualite financiere : Actualite bourse

Rexel: Oddo still a buyer

(CercleFinance.com) - Oddo maintains its "outperform" rating on Rexel shares, with an unchanged target price of 25 euros (current price about 18.
5 euros, +1%).

This morning, ahead of its CMD to be held this afternoon, Rexel announced that it has raised its 2022 guidance, now expecting organic LFL sales growth of 7% to 9%, up from 4% to 6% previously, with an adjusted EBITA margin of around 6.7% (compared to above 6% previously).

For 2022-25, Rexel expects constant day organic sales growth of about 4% to 7% (Oddo BHF expects 4.5%) and an adjusted EBITA margin of 6.5% to 7% in 2025 (Oddo BHF expects towards the bottom of this range, at 6.6% in 2025).

Oddo says that these upgrades are in line with its expectations and that, as a result, it expects a significant upgrade of the consensus.

Trading at a discount of over 20% relative to its historical valuation, analysts conclude that the stock is one of the best vehicles for positioning itself on the electrification theme.



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.
 

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.