Wendel: Oddo still a buyer
(CercleFinance.com) - Oddo maintains its outperform rating on Wendel shares, sticking to its target price of 115 euros.
The broker reports that last night Wendel published its 2022 results, including NAV of EE7.5bn, or E167.9 per share (with gross assets of E8.9bn), up 8.3% vs. Q3 2022 and down 9.2% over the year, in all representing fairly encouraging results.
Beyond these 2022 results, company's statement mentions the group's new strategic orientations, i.e. the desire to accelerate the group's investment policy, targeting 2.0 billion euros of deployment (acquisitions) over the next two years, and the development of third-party asset management.
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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.
The broker reports that last night Wendel published its 2022 results, including NAV of EE7.5bn, or E167.9 per share (with gross assets of E8.9bn), up 8.3% vs. Q3 2022 and down 9.2% over the year, in all representing fairly encouraging results.
Beyond these 2022 results, company's statement mentions the group's new strategic orientations, i.e. the desire to accelerate the group's investment policy, targeting 2.0 billion euros of deployment (acquisitions) over the next two years, and the development of third-party asset management.
Copyright (c) 2023 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.