Home > Analyse
Actualite financiere : Actualite bourse

Bic: Oddo upgrades to buy.

(CercleFinance.com) - In a report released on Tuesday, Oddo has upgraded its "neutral" rating on the Bic share to "buy" and has upped its target price from 105 euros to 106 euros.


Although competitive conditions in the market remain complicated, the group is continuing with its policy of a generous cash return, thanks to its high free cash flow, the broker underlines, which expects strong growth in the group's sales in the last quarter.

Given the sharp fall in the share since the beginning of the year and a marked underperformance relative to the CAC 40 (-32%, against +10% for the star index), the Bic share is currently trading at a low valuation, Oddo adds. This factor largely explains why the broker has upgraded the share to buy.

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.