Séché Environnement: Invest Securities upgrades to 'buy'
(CercleFinance.com) - An analyst at Invest Securities has upgraded his rating on the Séché Environnement stock from "Neutral" to "Buy," considering that new momentum has been triggered for the specialist in the recovery and treatment of household and industrial waste and environmental services.
At the group's Investor Day, it repeated its positioning as a pure player in the circular economy, specialising in complex markets. It presented its new digitalisation strategy aimed at improving productivity. At the same time, its 2020 plan aims to systematically reduce costs by centralising purchases, Invest Securities notes.
Against a backdrop of revisions in earnings estimates, the analyst also said that he has raised his target price for the share to 34 euros (vs. 32.2 euros previously).
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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.
At the group's Investor Day, it repeated its positioning as a pure player in the circular economy, specialising in complex markets. It presented its new digitalisation strategy aimed at improving productivity. At the same time, its 2020 plan aims to systematically reduce costs by centralising purchases, Invest Securities notes.
Against a backdrop of revisions in earnings estimates, the analyst also said that he has raised his target price for the share to 34 euros (vs. 32.2 euros previously).
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.