Ontex: Liberum still a buyer, adjusts target price
(CercleFinance.com) - Liberum has reinstated its "buy" rating on the Ontex share, having nudged up its target price from 18.
85 euros to 19 euros, saying that, "We expect patient investors will be well rewarded as T2G transforms Ontex's profitability and growth prospects by 2021".
In its note on the Belgian hygiene product group, the broker explains that by 2021 it anticipates a 140-bp increase in its EBITDA margin with the T2G program, a reduction in costs, an operational leverage and an improvement in the group's product mix.
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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.
85 euros to 19 euros, saying that, "We expect patient investors will be well rewarded as T2G transforms Ontex's profitability and growth prospects by 2021".
In its note on the Belgian hygiene product group, the broker explains that by 2021 it anticipates a 140-bp increase in its EBITDA margin with the T2G program, a reduction in costs, an operational leverage and an improvement in the group's product mix.
Copyright (c) 2019 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.