Eiffage: BarCap raises target price.
(CercleFinance.com) - Barclays Capital (BarCap) has reinstated its "overweight" recommendation on the Eiffage stock and has raised its target price from 96 euros to 100 euros, after the group published quarterly revenues that slightly exceeded its estimate.
The construction-concession group has announced revenues that are up 6.1% at 3.78 billion euros, against 3.76 billion expected by BarCap, which has led the broker to raise its EPS estimates by 1% over the period 2017-2019.
"We remain nevertheless 7% ahead of consensus and the strength in order intake pleads for further earnings momentum," the broker points out, for which the stock still has upside potential, with an implicit discount of about 30% relative to its peers.
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.
The construction-concession group has announced revenues that are up 6.1% at 3.78 billion euros, against 3.76 billion expected by BarCap, which has led the broker to raise its EPS estimates by 1% over the period 2017-2019.
"We remain nevertheless 7% ahead of consensus and the strength in order intake pleads for further earnings momentum," the broker points out, for which the stock still has upside potential, with an implicit discount of about 30% relative to its peers.
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.