Elior: Oddo a buyer before trading update
(CercleFinance.com) - In a report released on Monday morning, Oddo has confirmed its "buy" rating on the Elior stock, along with its target price of 21 euros, with the group set to publish its Q1 revenues on Thursday.
The broker expects strong, but unsurprising revenues that are up 4.1% at 1.66 billion euros (+3.3% in organic terms). In its opinion, unfavourable FX factors will be offset by the group's recent acquisitions.
Over the longer term, Oddo is looking for a 3.6% increase in revenue in 2018, along with a stable Ebitda margin of 8.4% (at a constant consolidation scope and exchange rates), a 10-basis point increase, "given the current cyclical upturn and the operational leverage that the group may benefit from, with the analyst monitoring the stock believing its fundamentals remain strong.
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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 expects strong, but unsurprising revenues that are up 4.1% at 1.66 billion euros (+3.3% in organic terms). In its opinion, unfavourable FX factors will be offset by the group's recent acquisitions.
Over the longer term, Oddo is looking for a 3.6% increase in revenue in 2018, along with a stable Ebitda margin of 8.4% (at a constant consolidation scope and exchange rates), a 10-basis point increase, "given the current cyclical upturn and the operational leverage that the group may benefit from, with the analyst monitoring the stock believing its fundamentals remain strong.
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.