Bureau Veritas: Oddo still a buyer

(CercleFinance.com) - In a report posted on Monday, Oddo has renewed its "buy” rating on Bureau Veritas, along with its target price of 26 euros.


The broker mentions a reassuring message about the dynamics of improving growth in both the short and medium term, and expects a gradual improvement over the year, after a rather weak first quarter.

Oddo also welcomes the share's attractive valuation, given the operational leverage that is visible in 2019 and the share's discount relative to SGS, which exceeds the historical level, while its profitability is more resilient.


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