Accor: Société Générale raises target price to 47.7 euros.
(CercleFinance.com) - Still positive on the stock, Société Générale (SG) analysts have raised their 12-month target price for the stock from 44.
1 euros to 47.7 euros (+8.2%).
Explanatory factors include: the rise in group peers increased forecasts, despite the delay of a few months in the spin-off of AccorInvest.
The report, which followed a field trip with Accor hosted by Société Générale on 20 June, first underlines the hotel group's “lifestyle” offer, which Accor has diversified in the past few years by acquiring a 35% stake in Mama Shelter, purchasing onefinestay and developing “boutique hotels,” such as Hotel Molitor. “Accor aims to meet the growing demand from customers for a more personalised offer,” SG says.
In addition, “Good trends apparent at the beginning of the year have been confirmed in France,” a market that has been hit over recent years by several terrorist attacks.
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.
1 euros to 47.7 euros (+8.2%).
Explanatory factors include: the rise in group peers increased forecasts, despite the delay of a few months in the spin-off of AccorInvest.
The report, which followed a field trip with Accor hosted by Société Générale on 20 June, first underlines the hotel group's “lifestyle” offer, which Accor has diversified in the past few years by acquiring a 35% stake in Mama Shelter, purchasing onefinestay and developing “boutique hotels,” such as Hotel Molitor. “Accor aims to meet the growing demand from customers for a more personalised offer,” SG says.
In addition, “Good trends apparent at the beginning of the year have been confirmed in France,” a market that has been hit over recent years by several terrorist attacks.
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.