Bureau Veritas: Credit Suisse raises TP
(CercleFinance.com) - Credit Suisse maintains its "outperform" rating on the Bureau Veritas share, having nudged up its corresponding target price from 25 euros to 25.
5 euros, to reflect 8% increases in earnings estimates for 2021, followed by +4% for 2022 and 2023.
"As margin recovery accelerates and lower debt/finance costs reduces interest charges," the broker says in its report on the inspection and certification services group.
"We think Bureau Veritas combines cyclical recovery near term with structural tailwinds in the longer term supported by its focus on sustainability," it adds.
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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.
5 euros, to reflect 8% increases in earnings estimates for 2021, followed by +4% for 2022 and 2023.
"As margin recovery accelerates and lower debt/finance costs reduces interest charges," the broker says in its report on the inspection and certification services group.
"We think Bureau Veritas combines cyclical recovery near term with structural tailwinds in the longer term supported by its focus on sustainability," it adds.
Copyright (c) 2021 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.