L'Oréal: still a buyer, UBS raises target price.
(CercleFinance.com) - Once again Swiss bank UBS has praised the quality of quarterly sales reported by L'Oréal.
Maintaining its buy rating, analysts have raised their earnings estimates, and therefore their (12-month) target price, which is they have upped from 193 euros to 210 euros (+8.8%).
The broker's report points out that that, at 5.1%, L'Oréal's Q3 organic sales growth, exceeded the consensus (around +4.5%).
“L'Oréal has the structural advantage of a diversified portfolio; and its investment into digital, new channels & brands is clearly bearing fruit,” UBS welcomes.
“Acceleration in skin care and resilience in make-up/luxury give us confidence that Q4 is set to be another strong quarter,” analysts add, who expect like-for-like growth of 5.2%.
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.
Maintaining its buy rating, analysts have raised their earnings estimates, and therefore their (12-month) target price, which is they have upped from 193 euros to 210 euros (+8.8%).
The broker's report points out that that, at 5.1%, L'Oréal's Q3 organic sales growth, exceeded the consensus (around +4.5%).
“L'Oréal has the structural advantage of a diversified portfolio; and its investment into digital, new channels & brands is clearly bearing fruit,” UBS welcomes.
“Acceleration in skin care and resilience in make-up/luxury give us confidence that Q4 is set to be another strong quarter,” analysts add, who expect like-for-like growth of 5.2%.
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.