Schneider Electric: Oddo a buyer before Q1 revenues
(CercleFinance.com) - Oddo has reiterated its "buy" rating on the Schneider Electric stock, along with its target price of 87 euros, ahead of the group's publication of Q1 revenues, which the broker expects will be "quality".
According to the broker, the unfavourable impact of the number of working days (estimated at -1.5% of sales) will be offset over the next three quarters (+0.5% for each quarter).
Oddo, which expects organic growth of 3.5% at the group level, also expects a confirmation of the group's annual guidance, i.e. organic sales growth of between 3% and 5%, as well as an improvement in its EBITDA margin in organic terms, at the top of 20-to-50 basis point range.
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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.
According to the broker, the unfavourable impact of the number of working days (estimated at -1.5% of sales) will be offset over the next three quarters (+0.5% for each quarter).
Oddo, which expects organic growth of 3.5% at the group level, also expects a confirmation of the group's annual guidance, i.e. organic sales growth of between 3% and 5%, as well as an improvement in its EBITDA margin in organic terms, at the top of 20-to-50 basis point range.
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.