Intertek: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Intertek shares, having raised its target price for them from 4,500 pence to 4,700 pence, given the group's strong medium-term fundamentals and judging the valuation multiples consistent with current momentum.
The broker welcomes the British certification services group's latest publication and does not rule out the scenario of an upward revision of its guidance - particularly at the topline - at its next half-yearly publication.
Copyright (c) 2023 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.