Eiffage: Barclays raises target price
(CercleFinance.com) - Like Vinci, Barclays believes that Eiffage's APRR will benefit from strong growth in traffic, although at a much slower pace than Vinci Autoroutes.
Analysts are counting on a solid new quarter, still largely boosted by works of the Grand Paris Express project.
"This leads us to expect a FY-19 EBIT of EUR1.99bn, slightly ahead of our previous forecast. We forecast net income and DPS to grow 15%," Barclays says.
"Now that the Toulouse and Lille airports transactions are closed, Eiffage's first foray in the segment, we would expect management to update on outlook / strategy in this field," analysts add.
Barclays is therefore raising its target price for the share to 117 euros (against 105 euros previously), while maintaining its "overweight" rating.
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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.
Analysts are counting on a solid new quarter, still largely boosted by works of the Grand Paris Express project.
"This leads us to expect a FY-19 EBIT of EUR1.99bn, slightly ahead of our previous forecast. We forecast net income and DPS to grow 15%," Barclays says.
"Now that the Toulouse and Lille airports transactions are closed, Eiffage's first foray in the segment, we would expect management to update on outlook / strategy in this field," analysts add.
Barclays is therefore raising its target price for the share to 117 euros (against 105 euros previously), while maintaining its "overweight" rating.
Copyright (c) 2020 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.