Chargeurs: Oddo confirms buy rating
(CercleFinance.com) - Oddo has confirmed its Buy rating on the Chargeurs stock, maintaining its target price of 31 euros.
The broker says that the momentum is very positive for the group and that the stock belongs to its Nextcap list of best picks for H1 2018.
The group posted Q4 revenue of 130.2 million euros that is in line with Oddo's expectations (131.2 million euros estimated).
The analysts underline the group's sound momentum, which has been driven by the Protective Films division (+9.1%) and Fashion Technologies (+8.2%) divisions, offsetting the decline at the Luxury Materials division (-14.1%).
The broker has increased its estimate for the group's 2017 underlying operating profit slightly to 43.5 million euros, meaning an estimated underlying operating margin of 8.2%, up 50 bp (against 7.9% previously).
Copyright (c) 2018 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.
The broker says that the momentum is very positive for the group and that the stock belongs to its Nextcap list of best picks for H1 2018.
The group posted Q4 revenue of 130.2 million euros that is in line with Oddo's expectations (131.2 million euros estimated).
The analysts underline the group's sound momentum, which has been driven by the Protective Films division (+9.1%) and Fashion Technologies (+8.2%) divisions, offsetting the decline at the Luxury Materials division (-14.1%).
The broker has increased its estimate for the group's 2017 underlying operating profit slightly to 43.5 million euros, meaning an estimated underlying operating margin of 8.2%, up 50 bp (against 7.9% previously).
Copyright (c) 2018 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.