Ahold Delhaize: Invest Securities still a buyer
(CercleFinance.com) - Invest Securities maintains its "buy" rating on Ahold Delhaize, while trimming its target price from 22.
6 euros to 22.4 euros, highlighting its position in the Netherlands, which is one of the few European countries that has posted a good momentum recently.
The analyst also believes that the Belgo-Dutch food distributor owes its success to a "dominant and controlled" American exposure, with the advantage of operating in a single market, albeit one that is poorly structured in terms of supply.
With an FCF generation that exceeds guidance to approach the threshold of two billion euros per year, we believe that the group is well positioned to resume its external growth in a (US) market that offers many opportunities for expansion, he continues.
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.
6 euros to 22.4 euros, highlighting its position in the Netherlands, which is one of the few European countries that has posted a good momentum recently.
The analyst also believes that the Belgo-Dutch food distributor owes its success to a "dominant and controlled" American exposure, with the advantage of operating in a single market, albeit one that is poorly structured in terms of supply.
With an FCF generation that exceeds guidance to approach the threshold of two billion euros per year, we believe that the group is well positioned to resume its external growth in a (US) market that offers many opportunities for expansion, he continues.
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.