LVMH: Invest Securities raises target price
(CercleFinance.com) - Invest Securities has raised its target price for the LVMH share from 265 euros to 305 euros, while keeping its "neutral" rating, which it seems unlikely to change in the near term, with its valuation struggling to align with the instantaneous level of prices at their historical peaks.
LVMH deserves to see its valuation in traditional multiples (P/E), draw close to historic peaks in relative or absolute terms, with the operating conditions reinforcing this logic..., says the analyst who monitors the stock, highlighting the appeal of the group's unique model.
However, the broker says that expectations now no longer seem to be bullish, even though organic growth (+11% in Q1 2019) seems to invariably be supporting a double-digit trend, it warned.
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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.
LVMH deserves to see its valuation in traditional multiples (P/E), draw close to historic peaks in relative or absolute terms, with the operating conditions reinforcing this logic..., says the analyst who monitors the stock, highlighting the appeal of the group's unique model.
However, the broker says that expectations now no longer seem to be bullish, even though organic growth (+11% in Q1 2019) seems to invariably be supporting a double-digit trend, it warned.
Copyright (c) 2019 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.