Trigano: Berenberg raises target price

(CercleFinance.com) - Berenberg has raised its target price for Trigano shares from 200 euros to 230 euros, after the leisure vehicle announced a "record" quarter.


Trigano is still surfing on the wave of strong demand following the sector's collapse last year after the onset of the Covid-19 pandemic, the broker says, which maintains its buy rating on the stock.

Berenberg notes that the group's sales have more than doubled in Q3 and are also up 25% relative to Q3 2018/2019, which was already a record quarter.

Based on this excellent performance, the broker has increased its earnings estimates for FY 2020/2021, while maintaining its guidance for FY 2021/2022 unchanged.


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