Applus Services: UBS welcomes good half-yearly figures
(CercleFinance.com) - USB confirms its 'Buy' recommendation on the share of Spanish certification group Applus Services, which has just published its half-yearly accounts and upped some of its forecasts.
The 12-month target price remains at 13.3 euros.
Analysts highlight that the half-yearly accounts published by Applus came out over and above expectations, especially as regards organic growth (4.6% for Q2, whilst consensus was 3.2%) and operating margin (+113 basis points over one year).
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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 12-month target price remains at 13.3 euros.
Analysts highlight that the half-yearly accounts published by Applus came out over and above expectations, especially as regards organic growth (4.6% for Q2, whilst consensus was 3.2%) and operating margin (+113 basis points over one year).
Copyright (c) 2018 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.