Elior: Oddo BHF raises target price
(CercleFinance.com) - An analyst at Oddo BHF this morning said that he is raising his target price for the share of catering group Elior, from 13.
50 euros to 14 euros.
The analyst, who has a buy rating on the sharee, in particular welcomes the first reassuring improvements at the end of 2019, noting that there are still significant levers for improvement in 2020 and beyond, while appreciating significant potential for return to shareholders.
The broker's Buy rating is based on a low point reached in 2019 before an operational rebound in 2020, a significant potential return to shareholders (already begun) and the speculative aspect reinforced by the simplification of the the group's business and the deleveraged profile, with Groupe Bertrand having a (5%) stake in its capital, it summarises.
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