Eiffage: UBS lowers target price
(CercleFinance.com) - UBS confirms its "buy" rating on Eiffage shares, while trimming its target price for them from E137 to E134.
This new target price represents upside potential of 58% for the French construction and concessions group.
"A ~13% equity IRR looks enticing (even after the concession tax), but capital allocation remains the key. Operating performance should remain resilient".
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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.
This new target price represents upside potential of 58% for the French construction and concessions group.
"A ~13% equity IRR looks enticing (even after the concession tax), but capital allocation remains the key. Operating performance should remain resilient".
Copyright (c) 2023 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.