Rémy Cointreau: Oddo raises target price
(CercleFinance.com) - This Friday morning Oddo BHF announced that it is raising its target price for the Rémy Cointreau share, nudging it up from 108 euros to 110 euros, the day after the group published FY results that are "close to expectations".
The broker is also maintaining its "Neutral" rating.
Rémy Cointreau yesterday published net income excluding non-recurrent items that is up 12% at 151.3 million euros, with an underlying operating margin that is up 0.3% at 21% (+1.3 points in organic terms) for the year to end-March.
The wine and spirits group reported sales of 1,127 million euros, up 2.9%. In organic terms (at constant currencies and consolidation scope), growth reached 7.2%, thanks to the performance of the group's brands (+9.2%).
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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 broker is also maintaining its "Neutral" rating.
Rémy Cointreau yesterday published net income excluding non-recurrent items that is up 12% at 151.3 million euros, with an underlying operating margin that is up 0.3% at 21% (+1.3 points in organic terms) for the year to end-March.
The wine and spirits group reported sales of 1,127 million euros, up 2.9%. In organic terms (at constant currencies and consolidation scope), growth reached 7.2%, thanks to the performance of the group's brands (+9.2%).
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.