Virbac: Oddo BHF still a buyer

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Virbac shares, with an unchanged target price of E385.


Virbac published its results yesterday; Oddo's analyst praises the management's presentation, with a builder's discourse for the medium term.

We found management's tone very encouraging, Oddo BHF adds, in particular referring to the company's two latest "highly complementary" acquisitions (Globion and Sassaeah) and positive market trends.

In all, the company has the image of a group offering good visibility, with a clear roadmap (guidance 2024 and guidance 2030), the broker says.

Oddo BHF is convinced that the group will raise its 2024 guidance.


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