Schneider Electric: Berenberg raises target price
(CercleFinance.com) - On Friday Berenberg raised its target price for the Schneider Electric share from 127 euros to 145 euros, welcoming quarterly results are "a stride in the right direction".
The German broker - which maintains its buy recommendation on the stock - believes that the French electrical equipment specialist has unveiled "superb" performances for the fourth quarter.
In comments sent to its clients, Berenberg also welcomes the new ambitions announced by the group's management team, which is aiming for an operating margin of around 17% by 2022.
"As a 17% margin would be the highest in Schneider's history, this "step" is more a stride towards structurally higher cash margins, supported by the continued progress on gross margins," the broker says.
The Schneider share is up about 1.5% on Friday in Paris, pretty much replicating its 1.5% increase yesterday following the publication of these Q4 results.
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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 German broker - which maintains its buy recommendation on the stock - believes that the French electrical equipment specialist has unveiled "superb" performances for the fourth quarter.
In comments sent to its clients, Berenberg also welcomes the new ambitions announced by the group's management team, which is aiming for an operating margin of around 17% by 2022.
"As a 17% margin would be the highest in Schneider's history, this "step" is more a stride towards structurally higher cash margins, supported by the continued progress on gross margins," the broker says.
The Schneider share is up about 1.5% on Friday in Paris, pretty much replicating its 1.5% increase yesterday following the publication of these Q4 results.
Copyright (c) 2021 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.