Euronext: Deutsche Bank more optimistic ahead of CMD
(CercleFinance.com) - In the run-up to Euronext's CMD, to be held on 11 October, Deutsche Bank has raised its target price for the share from 73 euros to 77 euros, while confirming its buy rating.
Analysts expect that the pan-European stockmarket operator will continue with its metamorphosis. Since its return to the stockmarket five years ago, Euronext has grown and diversified its business - both via organic growth and acquisitions, having shrewdly managed its underlying cost basis in order to improve its margins, while paying out almost 500 million euros in dividends to its shareholders, the broker hails in its report.
"Deutsche" doesn't think that this is over either: previously concentrated on cyclical spot markets, Euronext has become a more diversified infrastructure operator, a movement that is expected to continue over the next three years, analysts forecast.
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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.
Analysts expect that the pan-European stockmarket operator will continue with its metamorphosis. Since its return to the stockmarket five years ago, Euronext has grown and diversified its business - both via organic growth and acquisitions, having shrewdly managed its underlying cost basis in order to improve its margins, while paying out almost 500 million euros in dividends to its shareholders, the broker hails in its report.
"Deutsche" doesn't think that this is over either: previously concentrated on cyclical spot markets, Euronext has become a more diversified infrastructure operator, a movement that is expected to continue over the next three years, analysts forecast.
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.