Seb: Oddo confirms rating after road show
(CercleFinance.com) - Oddo has confirmed its 'buy' rating on the Seb stock, after the group organised a Road Show in the US.
The broker said that management overviewed its growth outlook for the current financial year, the integration of WMF and its external growth policy.
It also notes that in 2018, business should be robust; the group's guidance is based on organic sales growth of over 5% (the broker expects +5.9%).
Oddo has a target price of 182 euros for the share.
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.
The broker said that management overviewed its growth outlook for the current financial year, the integration of WMF and its external growth policy.
It also notes that in 2018, business should be robust; the group's guidance is based on organic sales growth of over 5% (the broker expects +5.9%).
Oddo has a target price of 182 euros for the share.
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.