Alstom: Oddo BHF still a buyer - raises target price
(CercleFinance.com) - Reacting to the investor day organised by Alstom, Oddo BHF has raised its target price on the Alstom share from 44.
5 euros to 48 euros.
This gives the share upside potential of around 13%.
Following this event, analysts believe that growth and profitability will continue to increase, while the group already has a record order book. By 2023, sales are expected to grow at an average of 5% p.a., and by this date its adjusted operating margin should be around 9%.
Analysts say that the group offers strong growth prospects in terms of sales and margins in a market that continues to report steady growth. In recent years Alstom has solidly executed its projects, while proving its capacity to make gains in productivity.
Copyright (c) 2019 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.
5 euros to 48 euros.
This gives the share upside potential of around 13%.
Following this event, analysts believe that growth and profitability will continue to increase, while the group already has a record order book. By 2023, sales are expected to grow at an average of 5% p.a., and by this date its adjusted operating margin should be around 9%.
Analysts say that the group offers strong growth prospects in terms of sales and margins in a market that continues to report steady growth. In recent years Alstom has solidly executed its projects, while proving its capacity to make gains in productivity.
Copyright (c) 2019 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.