Plastic Omnium: Oddo BHF maintains buy rating

(CercleFinance.com) - This morning, an Oddo BHF analyst confirmed his "Buy" rating on the Plastic Omnium stock, stressing that hydrogen has gone beyond the betting stage (for the company).


With an ambitious target for sales by 2030 (2 billion euros) and expected profitability that exceeds the group's current level, hydrogen has gone beyond the “betting stage”, as the group presented it a few years ago. Today, it represents a real opportunity and a strong strategic focus based on solid foundations (technology, industrialisation, customer knowledge), the broker notes.

Oddo BHF thus confirms its target price of 22 euros for the share (21% upside potential).


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