Trigano: Oddo confirms rating after sales announced
(CercleFinance.com) - Oddo has confirmed its buy rating on the Trigano stock after the group published its Q1 sales.
The broker is currently maintaining its target price of 150 euros, although will probably adjust this after the group's AGM today.
Indeed, Trigano today published sales that are up 50.8% at 544.7 million euros, a level that exceeds Oddo's estimates (472.9 million euros expected, i.e. 15.2% higher).
The broker's analysts note continued strong growth in Leisure Vehicles (+54.4%, including +24.6% l-f-l) and in particular Camper vans (+51.3%; +26.4% l-f-l), due to the ramping up of production capacities and the sound level of the group's order book.
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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 is currently maintaining its target price of 150 euros, although will probably adjust this after the group's AGM today.
Indeed, Trigano today published sales that are up 50.8% at 544.7 million euros, a level that exceeds Oddo's estimates (472.9 million euros expected, i.e. 15.2% higher).
The broker's analysts note continued strong growth in Leisure Vehicles (+54.4%, including +24.6% l-f-l) and in particular Camper vans (+51.3%; +26.4% l-f-l), due to the ramping up of production capacities and the sound level of the group's order book.
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.