Sodexo: Oddo nudges up target price
(CercleFinance.com) - Oddo maintains its Outperform rating on Sodexo shares, adding a euro to its target price from 98 euros to 99 euros.
With Sodexo publishing its H1 2023 results before the market opens on 5 April, the analyst expects a solid H1 with revenues of E12,143m (+18.4%e as reported), in line with the consensus, with organic growth of +13.1%, above the consensus of 12.4%.
In addition, Oddo expects EBIT of E681m in H1 2023, in line with the consensus of E679m, i.e. a margin of 5.6%, up 40 bp.
Oddo expects organic growth of 9.7% for FY23e, compared to 8.3%e previously, just above the consensus of 9.5%.
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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.
With Sodexo publishing its H1 2023 results before the market opens on 5 April, the analyst expects a solid H1 with revenues of E12,143m (+18.4%e as reported), in line with the consensus, with organic growth of +13.1%, above the consensus of 12.4%.
In addition, Oddo expects EBIT of E681m in H1 2023, in line with the consensus of E679m, i.e. a margin of 5.6%, up 40 bp.
Oddo expects organic growth of 9.7% for FY23e, compared to 8.3%e previously, just above the consensus of 9.5%.
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.