Eiffage: UBS maintains buy rating

(CercleFinance.com) - UBS maintains its buy rating on the Eiffage stock, also sticking to its target price of 134 euros, after APRR announced an increase in its revenue for 2022.


"Revenues are above expectations thanks to a favourable mix. The stock still offers attractive upside potential," UBS said.

The group announced consolidated APRR revenues excluding Construction of 2,818.5 million euros for the year to 31 December 2022, compared with 2,569.3 million euros the previous year, i.e. up 9.7% y-o-y.

Total traffic, measured in kilometres travelled, increased by 8.0% y-o-y over FY 2022.


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.