Elior: UBS maintains neutral rating
(CercleFinance.com) - UBS confirms its neutral rating on the Elior share with a price target of 3 euros.
The broker estimates that results are in line for FY 2021-22.
FY revenue is pretty much in line with expectations, at 4,451 million euros (UBSe E4,404m, visible alpha consensus E4,411m), with organic growth of 18.3% (UBSe 17.8%, consensus 17.6%), analysts note.
For 2022-23, Elior is targeting organic revenue growth of at least 8%, with an adjusted EBITA margin of 1.5% to 2%. It also confirms its financial targets for 2024 and its CSR commitments for 2025.
People are rushing to the canteen before noon today, with the share currently up almost 10%.
Copyright (c) 2022 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.