Elis: Berenberg nudges up TP
(CercleFinance.com) - Berenberg has slightly raised its target price for Elis shares from E21 to E22, while renewing its buy recommendation on the stock.
In a note, the analyst points out that the cleaning and hygiene group's stock has climbed nearly 40% since it was included on his recommended list of mid-caps last November.
After generating 21% organic growth last year, Elis is expected to post another year of double-digit growth this year, while improving its margins.
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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.
In a note, the analyst points out that the cleaning and hygiene group's stock has climbed nearly 40% since it was included on his recommended list of mid-caps last November.
After generating 21% organic growth last year, Elis is expected to post another year of double-digit growth this year, while improving its margins.
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.