Wendel: Oddo confirms rating after AGM
(CercleFinance.com) - Oddo has confirms its buy rating on the Wendel stock, with a target price of 169 euros.
At its AGM, Wendel published a new NAV on 2 May 2018 of 7,719 million euros, or 166.9 euros per share, bang in line with Oddo's estimate of 7,719 million euros.
This NAV matches our estimates, considering that relative to 5 May 2017 this is down 3.5%, and down 5.4% compared to 31/12/2017, Oddo pointed out.
At its AGM, the group also reported its Q1 sales, which were fairly satisfactory at 2.0337 billion euros, up 2.2%, including organic growth of 2.4%.
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.
At its AGM, Wendel published a new NAV on 2 May 2018 of 7,719 million euros, or 166.9 euros per share, bang in line with Oddo's estimate of 7,719 million euros.
This NAV matches our estimates, considering that relative to 5 May 2017 this is down 3.5%, and down 5.4% compared to 31/12/2017, Oddo pointed out.
At its AGM, the group also reported its Q1 sales, which were fairly satisfactory at 2.0337 billion euros, up 2.2%, including organic growth of 2.4%.
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.