Elis: stock up on broker comments

(CercleFinance.com) - Going against the grain in Paris, the Elis share is up over 1%, against a backdrop of favourable comments from MainFirst which reiterates its "buy" recommendation on the share, having raised its target price from 11.
4 euros to 12 euros, with the broker seeing the share having identified an "attractive entry point".

"The group's resilience has been proven, particularly regarding profitability and cash generation," MainFirst says, adding that the share "trades at a double-digit 2021E FCF yield".


Copyright (c) 2020 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.