Spie: Oddo raises target price
(CercleFinance.com) - After a roadshow with management, Oddo BHF has renewed its "outperform" opinion on Spie shares, a stock included in its selection of MidCap stocks for H2 2022 and "Best in class ESG", with analysts increasing their corresponding target price from 28.
5 euros to 32 euros.
There is no "scoop", although the confirmation of very dynamic business and management does not perceive any sign of slowdown, which is reassuring, the analyst notes, adding that despite pressure on salaries, the group's margins are still expected to increase.
The extent of FCF and the already very healthy balance sheet will enable the company to seize external growth opportunities in a highly fragmented sector, the broker adds, raising its 2022-2023 EPS estimates by 2.5% and judging that the stock's valuation remains relatively limited.
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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.
5 euros to 32 euros.
There is no "scoop", although the confirmation of very dynamic business and management does not perceive any sign of slowdown, which is reassuring, the analyst notes, adding that despite pressure on salaries, the group's margins are still expected to increase.
The extent of FCF and the already very healthy balance sheet will enable the company to seize external growth opportunities in a highly fragmented sector, the broker adds, raising its 2022-2023 EPS estimates by 2.5% and judging that the stock's valuation remains relatively limited.
Copyright (c) 2022 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.