Eiffage: Oddo confirms its opinion following rumours
(CercleFinance.com) - Oddo comments that according to the French press (La Voix du Nord), Eiffage, in association with the Marseille Chamber of Commerce, should take over the operation of Lille airport, which has been operated for more than 50 years by the Chamber of Commerce for the Hauts-de-France region (61%) in association with Veolia (34%) and Sanef (5%).
The airport welcomes approximately 2 million passengers a year with revenues in the region of 20 million euros. Major investments (100 million euros were mentioned) appear to be needed to increase passengers numbers by 50% says Oddo.
The analysts' firm underlines the group's airport strategy. It confirms its 'buy' rating for the share with a target price of 103 euros.
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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 airport welcomes approximately 2 million passengers a year with revenues in the region of 20 million euros. Major investments (100 million euros were mentioned) appear to be needed to increase passengers numbers by 50% says Oddo.
The analysts' firm underlines the group's airport strategy. It confirms its 'buy' rating for the share with a target price of 103 euros.
Copyright (c) 2019 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.