Iliad: Oddo deems current share price attractive
(CercleFinance.com) - Iliad has announced a successful capital increase amounting to 1.
4 billion euros.
Oddo analysts confirm their buy rating on the share, along with a target price of 180 euros (57% upside).
In all, the company's shareholders subscribed 940,888 new shares, including 813,342 new shares in the priority period, Oddo says.
Therefore Xavier Niel is not the only person to participate in the capital increase and will ultimately have 70.3% against 71.9% at most. This is not enough to maintain the same liquidity as before this operation, however, it is a positive sign that some shareholders wanted to increase their positions in this operation, the broker adds.
Oddo considers that, in the end, the share's current price is attractive, while the group will, analysts say, confirm the operational turnaround seen in Q3 in the final quarter.
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.
4 billion euros.
Oddo analysts confirm their buy rating on the share, along with a target price of 180 euros (57% upside).
In all, the company's shareholders subscribed 940,888 new shares, including 813,342 new shares in the priority period, Oddo says.
Therefore Xavier Niel is not the only person to participate in the capital increase and will ultimately have 70.3% against 71.9% at most. This is not enough to maintain the same liquidity as before this operation, however, it is a positive sign that some shareholders wanted to increase their positions in this operation, the broker adds.
Oddo considers that, in the end, the share's current price is attractive, while the group will, analysts say, confirm the operational turnaround seen in Q3 in the final quarter.
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.