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Plastic Omnium: Invest Securities raises target price

(CercleFinance.com) - In a report issued on Thursday morning, Invest Securities has raised its target price on the Plastic Omnium share from 39 euros to 40 euros, maintaining its "buy" rating.

Following the group's investor day, the broker said that guidelines for 2017 and the 2017/2021 plan have been more accurately quantified than in recent publications.

According to the broker, 2017 should confirm the improvement in the group's operating margin (9.4% in H1), while consolidated turnover should be around 6.8 billion euros.

Regarding the group's targets for 2021, the automotive supplier targets consolidated revenues of 8.3 billion euros, in line with Invest Securities' expectations.

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