SGS: Oddo confirms rating.
(CercleFinance.com) - Oddo has confirmed its Neutral rating on the SGS stock, maintaining its target price unchanged at 2370 Swiss francs.
Analysts say that H1 results are better than expected, with organic growth accelerating to 3.4%.
Oddo underlines good news in Consumer, Transportation, Mines and OGC, which represent 38% of sales, with the group reporting high-single to double-digit growth.
The publication is encouraging and suggests a performance that is better than our expectations (at 3.1% in organic terms in 2017, with a stable margin at 15.4%). Although the H1 margin seems disappointing compared to the consensus, it is also due to exceptional items (the GIS and EHS divisions), the broker says.
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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.
Analysts say that H1 results are better than expected, with organic growth accelerating to 3.4%.
Oddo underlines good news in Consumer, Transportation, Mines and OGC, which represent 38% of sales, with the group reporting high-single to double-digit growth.
The publication is encouraging and suggests a performance that is better than our expectations (at 3.1% in organic terms in 2017, with a stable margin at 15.4%). Although the H1 margin seems disappointing compared to the consensus, it is also due to exceptional items (the GIS and EHS divisions), the broker says.
Copyright (c) 2017 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.