Rothschild & Co: Oddo still a buyer after results.
(CercleFinance.com) - Broker Oddo is maintaining its forecasts for the group, along with its valuation of 34.
8 euros for the share. Its analysts also confirm their buy rating on the stock after the group published its results.
We believe that the rise of Private Equity, combined with the turnaround of AWM and the integration of Martin Maurel will contribute to making the results less directly dependent on fluctuations in M&A, while ensuring strong intrinsic growth, Oddo explained in its daily research report.
The consolidation of Martin Maurel will contribute 50 million euros in revenues in H1 2017 (Q1 = 26 million euros/Q2 = 24 million euros). At a constant consolidation scope, revenues increase by about 6%. Net new money has reached 0.3 million euros, i.e. 0.4% of assets under management, Oddo said.
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.
8 euros for the share. Its analysts also confirm their buy rating on the stock after the group published its results.
We believe that the rise of Private Equity, combined with the turnaround of AWM and the integration of Martin Maurel will contribute to making the results less directly dependent on fluctuations in M&A, while ensuring strong intrinsic growth, Oddo explained in its daily research report.
The consolidation of Martin Maurel will contribute 50 million euros in revenues in H1 2017 (Q1 = 26 million euros/Q2 = 24 million euros). At a constant consolidation scope, revenues increase by about 6%. Net new money has reached 0.3 million euros, i.e. 0.4% of assets under management, Oddo said.
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.