Eurofins: Société Générale upgrades stock
(CercleFinance.com) - On Tuesday Société Générale analysts upgraded their rating on Eurofins shares from "sell" to "hold", having nudged up their target price for them from 72.
2 euros to 73.3 euros.
In a report, the French bank believes that the life sciences testing specialist's shares are now fairly valued following its recent bout of weakness.
However, after a growth cycle that saw average revenue growth of 21% and EPS growth of 64% over 2019-2021, SG warns that Eurofins is now entering a phase where visibility is likely to be lower, due, amongst other things, to wage inflation and soaring energy prices.
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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.
2 euros to 73.3 euros.
In a report, the French bank believes that the life sciences testing specialist's shares are now fairly valued following its recent bout of weakness.
However, after a growth cycle that saw average revenue growth of 21% and EPS growth of 64% over 2019-2021, SG warns that Eurofins is now entering a phase where visibility is likely to be lower, due, amongst other things, to wage inflation and soaring energy prices.
Copyright (c) 2022 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.