Unibail-Rodamco: Oddo BHF a buyer before FY results
(CercleFinance.com) - Oddo BHF confirms its "buy" recommendation on the Unibail-Rodamco-Westfield (URW) stock, which it adopted last week, with a target price of 190 euros, before the commercial real estate group releases its full-year results tonight.
Unibail-Rodamco-Westfield will also announce its guidance for 2019, as well as its medium-term outlook, the analyst said, adding that this is a publication is keenly awaited by the market, in so far as it will enable investors to redefine a strategic plan.
The broker considers that the share's current discount is exaggerated, with it trading at 0.70x the EPRA NAV at 30 June 2018, which represents an historic low. In its price target the broker has integrated a specific risk premium of 100 bps related to the integration risk of Westfield.
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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.
Unibail-Rodamco-Westfield will also announce its guidance for 2019, as well as its medium-term outlook, the analyst said, adding that this is a publication is keenly awaited by the market, in so far as it will enable investors to redefine a strategic plan.
The broker considers that the share's current discount is exaggerated, with it trading at 0.70x the EPRA NAV at 30 June 2018, which represents an historic low. In its price target the broker has integrated a specific risk premium of 100 bps related to the integration risk of Westfield.
Copyright (c) 2019 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.