Spie: penalised by a broker's comments
(CercleFinance.com) - The Spie share is down 2.
2% today, following negative comments by Jefferies, which has confirmed its "underperform" rating on the stock, along with a target price of 14.3 euros, further cutting its 2018 EPS estimate by 3%.
The broker believes that the deceleration in growth in France has caused questions about the relationship between growth and margins, and that the market's reaction to Spie's interim results has supported (its) vision that the group's cash flow and balance sheet are currently supporting the share's valuation.
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.
2% today, following negative comments by Jefferies, which has confirmed its "underperform" rating on the stock, along with a target price of 14.3 euros, further cutting its 2018 EPS estimate by 3%.
The broker believes that the deceleration in growth in France has caused questions about the relationship between growth and margins, and that the market's reaction to Spie's interim results has supported (its) vision that the group's cash flow and balance sheet are currently supporting the share's valuation.
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.