Eiffage: Oddo still a buyer after APRR traffic figures
(CercleFinance.com) - Oddo BHF maintains its "buy" recommendation on the Eiffage share, along with its target price of 114 euros, the day after APRR reported its Q4 2019 traffic figures, which were largely above expectations (+7.
8% against +2.6%).
Regarding Eiffage's results, which are set to be unveiled after trading on 26 February, the analyst forecasts an 18% increase in net income over the year, which should enable the group to announce a further increase in its dividend (Oddo estimates this at 2.76 euros per share).
According to the broker, the construction and concessions group still benefits from a strong earnings momentum, an attractive free cash flow yield and potential for improved shareholder returns.
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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.
8% against +2.6%).
Regarding Eiffage's results, which are set to be unveiled after trading on 26 February, the analyst forecasts an 18% increase in net income over the year, which should enable the group to announce a further increase in its dividend (Oddo estimates this at 2.76 euros per share).
According to the broker, the construction and concessions group still benefits from a strong earnings momentum, an attractive free cash flow yield and potential for improved shareholder returns.
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.