Eiffage: UBS still a buyer, trims target price
(CercleFinance.com) - On Monday UBS reduced its target price for Eiffage shares from 136 euros to 134 euros, with this new revised target price still representing 55% upside potential compared to the share's current price.
In its morning comments, the analyst maintains his buy recommendation on the share, praising both its defensive status and its so-called "value" qualities, i.e. as a quality discounted stock
Analysts believe that the market is significantly undervaluing the composition of the assets that Eiffage currently controls, which they believe to be conservatively valued, they add, in particular referring to APRR's stake in Atlas Arteria.
In UBS' view, the stock is very cheap for such a defensive earnings profile.
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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.
In its morning comments, the analyst maintains his buy recommendation on the share, praising both its defensive status and its so-called "value" qualities, i.e. as a quality discounted stock
Analysts believe that the market is significantly undervaluing the composition of the assets that Eiffage currently controls, which they believe to be conservatively valued, they add, in particular referring to APRR's stake in Atlas Arteria.
In UBS' view, the stock is very cheap for such a defensive earnings profile.
Copyright (c) 2022 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.