Stellantis: Barclays initiates coverage as a buyer
(CercleFinance.com) - On Tuesday, Barclays began monitoring Stellantis shares with an "overweight" rating and a target price of E22.
5.
In its morning comments, the analyst says that the automaker is one of the best performers in its sector - both in the US and Europe - in terms of indicators such as operating margin, free cash flow generation, dividend and capital efficiency.
Although the stock is now trading close to its all-time highs, despite the UAW strike, Barclays believes that these qualities are not priced in, with it currently trading at a 2024 P/E of around 3x.
In its study, the broker praises the company's strengths, starting with the structural growth of its results and the resilience of its business, which it considers to be one of the best in its industry.
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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.
In its morning comments, the analyst says that the automaker is one of the best performers in its sector - both in the US and Europe - in terms of indicators such as operating margin, free cash flow generation, dividend and capital efficiency.
Although the stock is now trading close to its all-time highs, despite the UAW strike, Barclays believes that these qualities are not priced in, with it currently trading at a 2024 P/E of around 3x.
In its study, the broker praises the company's strengths, starting with the structural growth of its results and the resilience of its business, which it considers to be one of the best in its industry.
Copyright (c) 2023 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.