Rémy Cointreau: Oddo downgrades to neutral before results.
(CercleFinance.com) - Oddo has adopted a Neutral rating (vs.
Buy) on the Rémy Cointreau share, while maintaining its target price at 100 euros.
The broker stated that, "We do not have any new details to raise our valuation, which is already very generous (representing a premium of 20-25% relative to its sector in terms of most multiples).”
Rémy Cointreau will publish the rest of its annual results on Thursday morning. Oddo analysts expect underlying operating income of 213.4 million euros, up 19.6%, including organic growth of +11.2%.
"We expect 1% above the consensus, which forecasts EBIT of 211.5 million euros, with organic growth of 10.6%. The group's EBIT margin is expected to increase by 250 bp to 19.5% and by 113 bp to 18.1% excluding FX factors (+15 million euros)" Oddo says in its daily research report.
“Adjusted net attributable income is expected to increase by 16.6% to 128.8 million euros (compared with 129.2 million euros for the consensus).”
Copyright (c) 2017 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.
Buy) on the Rémy Cointreau share, while maintaining its target price at 100 euros.
The broker stated that, "We do not have any new details to raise our valuation, which is already very generous (representing a premium of 20-25% relative to its sector in terms of most multiples).”
Rémy Cointreau will publish the rest of its annual results on Thursday morning. Oddo analysts expect underlying operating income of 213.4 million euros, up 19.6%, including organic growth of +11.2%.
"We expect 1% above the consensus, which forecasts EBIT of 211.5 million euros, with organic growth of 10.6%. The group's EBIT margin is expected to increase by 250 bp to 19.5% and by 113 bp to 18.1% excluding FX factors (+15 million euros)" Oddo says in its daily research report.
“Adjusted net attributable income is expected to increase by 16.6% to 128.8 million euros (compared with 129.2 million euros for the consensus).”
Copyright (c) 2017 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.