Compagnie des Alpes: Berenberg raises target price

(CercleFinance.com) - On Thursday Berenberg maintained its buy rating on the Compagnie des Alpes share, adding a euro to its previous target price, to 24 euros.


In a morning report, the broker highlights the the tourism and leisure group's confidence ahead of 2023.

It says that its latest annual results, published at the beginning of the month, have confirmed the favourable momentum that the company is currently enjoying.

Not only has business returned to above its 2019 levels - profitability is also recovering too, while cash flow is taking off, it notes.

While the surge in energy costs will probably penalise its performance, Berenberg believes that this factor is now largely integrated into market forecasts.


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