Europcar: Oddo adjusts target price.
(CercleFinance.com) - Parisian broker Oddo has confirmed its buy rating on the Europcar stock, upping its target price to 14 euros (vs.
12.4 euros).
This morning Europcar announced the acquisition of Goldcar, Europe's largest low-cost vehicle rental company, particularly thanks to its strong presence in Spain and Portugal.
The broker said that from a financial viewpoint, it has noted that over the past few years the Goldcar Group has recorded strong sales growth (+17% p.a. over 2008-2016), with a very high margin, with Ebitda of around 48 million euros (on sales of 240 million euros), or 20% (vs. 11.8% for Europcar in 2016).
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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.
12.4 euros).
This morning Europcar announced the acquisition of Goldcar, Europe's largest low-cost vehicle rental company, particularly thanks to its strong presence in Spain and Portugal.
The broker said that from a financial viewpoint, it has noted that over the past few years the Goldcar Group has recorded strong sales growth (+17% p.a. over 2008-2016), with a very high margin, with Ebitda of around 48 million euros (on sales of 240 million euros), or 20% (vs. 11.8% for Europcar in 2016).
Copyright (c) 2017 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.