Nexity: Oddo welcomes 'a very good opportunity'
(CercleFinance.com) - Nexity has announced that, subject to the finalisation of documentation, it has exercised a purchase option to acquire an additional 18% stake in Ægide SA, parent company of the group Ægide-Domitys, from its founders within the next few days.
It will therefore be able to take over this group.
An analyst at Oddo today said that from a strategic and financial viewpoint, this deal (...) will enable Nexity to have leading positions in a French market of non-medicalised residences for seniors, which is benefiting from strong growth.
The broker therefore welcomes "a good opportunity to boost the group's growth," but maintains its "Neutral" rating on the share, along with its target price of 55 euros (vs. current price of around 50 euros), pending the group's investor day scheduled for 19 June.
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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.
It will therefore be able to take over this group.
An analyst at Oddo today said that from a strategic and financial viewpoint, this deal (...) will enable Nexity to have leading positions in a French market of non-medicalised residences for seniors, which is benefiting from strong growth.
The broker therefore welcomes "a good opportunity to boost the group's growth," but maintains its "Neutral" rating on the share, along with its target price of 55 euros (vs. current price of around 50 euros), pending the group's investor day scheduled for 19 June.
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.