Vivendi: Oddo BHF remains a buyer, banking on Bolloré
(CercleFinance.com) - Oddo BHF has confirmed its buy rating on the Vivendi stock this morning, as well as its target price of 25 euros.
In particular, the broker's analysts expect Bolloré group to increase its stake in the group's capital.
After Bolloré group unveiled its results, analysts note that its boss, Vincent Bolloré, has said that a gearing of 45% seemed to be sustainable over time, that it will increase its investments (in Africa and in batteries) and that he believes that the Vivendi share (of which Bolloré is the largest shareholder, holding 20.5% shares, ed) is heavily discounted.
The broker concluded that it would be logical for the Bolloré Group to increase its stake in Vivendi's capital in the future (time horizon unspecified).This is in line with Oddo's scenario and reinforces its “buy” rating on Vivendi, its research report states.
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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.
In particular, the broker's analysts expect Bolloré group to increase its stake in the group's capital.
After Bolloré group unveiled its results, analysts note that its boss, Vincent Bolloré, has said that a gearing of 45% seemed to be sustainable over time, that it will increase its investments (in Africa and in batteries) and that he believes that the Vivendi share (of which Bolloré is the largest shareholder, holding 20.5% shares, ed) is heavily discounted.
The broker concluded that it would be logical for the Bolloré Group to increase its stake in Vivendi's capital in the future (time horizon unspecified).This is in line with Oddo's scenario and reinforces its “buy” rating on Vivendi, its research report states.
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.