Elis: Oddo raises target price
(CercleFinance.com) - Oddo maintains its outperform rating on Elis shares, raising its target price for them from E18.
6 to E22, after Elis published 2022 results that were slightly ahead of the consensus.
EBITDA rose by 19.7% to E1,259.6m, which is close to its own expectations (E1,250m; difference of 0.8%) and the consensus (E1,254m), the broker notes.
Elis' 2023 guidelines include an improvement in all aggregates, with revenues expected to grow by between 11% and 13% organically, which is a little better than the group's previous indications (>10%), Oddo reports.
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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.
6 to E22, after Elis published 2022 results that were slightly ahead of the consensus.
EBITDA rose by 19.7% to E1,259.6m, which is close to its own expectations (E1,250m; difference of 0.8%) and the consensus (E1,254m), the broker notes.
Elis' 2023 guidelines include an improvement in all aggregates, with revenues expected to grow by between 11% and 13% organically, which is a little better than the group's previous indications (>10%), Oddo reports.
Copyright (c) 2023 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.