Accueil > Actualité
Actualite financiere : Actualite bourse

Unibail-Rodamco-Westfield: RBC raises target price

( - On Friday Royal Bank of Canada maintained its "underperform" rating on Unibail-Rodamco-Westfield shares, while raising its target price got them from 42 euros to 45 euros - following better-than-expected interim results.

In a report, the broker explains that this better-than-expected performance has led it to raise its estimates for the commercial property group.

However, analysts point out that even after this increase, its new target price is still well below the share's current price (61 euros, +2%), a discrepancy that, in particular, it justifies by the prospect of a recession, which could well weigh on rents and increase vacancy rates in 2023 and 2024.

RBC also believes that the scenario of a disposal of the US business is unlikely in current conditions, a phenomenon which it believes would also penalise the group's profitability.

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.