Orpea: Bryan Garnier resumes coverage with 'buy'
(CercleFinance.com) - Bryan Garnier has resumed its coverage of the Orpea stock with a "buy" rating and a fair value of 125 euros, highlighting the rapid aging of the world population, which is set to accelerate in the coming years.
The broker stresses that the number of people over 80 is set to soar (+230% by 2050) and that the 12 countries where Orpea currently operates (excluding China), will require over one million new beds in retirement homes in 2030.
In this context, the broker believes that the company's strategy should continue to support strong earnings growth with good visibility.
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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.
The broker stresses that the number of people over 80 is set to soar (+230% by 2050) and that the 12 countries where Orpea currently operates (excluding China), will require over one million new beds in retirement homes in 2030.
In this context, the broker believes that the company's strategy should continue to support strong earnings growth with good visibility.
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.