Metro: Oddo confirms buy rating after sales published.
(CercleFinance.com) - In a report released today, Oddo has renewed its “buy” rating on the stock of the wholesale & food specialist, Metro, along with its target price of 20 euros.
The broker has welcomed the 1.1% increase in FY 2016/2017 sales, which reflects a return to a slight growth momentum, which is all the more remarkable as market conditions remain difficult.
Over the last quarter alone, it mentions sales which, although slightly below its expectations, nevertheless satisfactory.
Oddo also considers the stock's discount (22% in terms of 2017 EV/Ebit) excessive, which is despite visibility on Russia remaining low.
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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.
The broker has welcomed the 1.1% increase in FY 2016/2017 sales, which reflects a return to a slight growth momentum, which is all the more remarkable as market conditions remain difficult.
Over the last quarter alone, it mentions sales which, although slightly below its expectations, nevertheless satisfactory.
Oddo also considers the stock's discount (22% in terms of 2017 EV/Ebit) excessive, which is despite visibility on Russia remaining low.
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.